Thursday 22 May 2014

CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014 MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500
Silver prices ended with losses as pressure tracking weak gold prices as the dollar climbed and equities maintained gains.
The Fed has been tapering its asset-purchasing program this year amid signs that the recovery in the labor market is continuing.
New York Fed President William Dudley reiterated the central bank’s dovish stance, saying the pace of rate hikes was likely to be “slow”.
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