Monday 19 May 2014

CAPITAL STROKE COMMODITY UPDATE 19 MAY 2014 MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41500 S1-39000 S2-37500 

Silver settled down as better-than-expected data out of the U.S. housing sector weighed on prices I

nvestors bet the Federal Reserve will continue to taper stimulus programs that have supported the metal for years.

U.S. Mint data showed silver coin sales have outperformed that of gold in the first four months of the year.

Unprecedented coin buying and strong silver jewelry purchases, fueled by a 24 percent drop in prices, sent physical silver demand to a record high in 2013.

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