Wednesday 13 August 2014

CAPITAL STROKE UPDATE 13-August-2014: MCX SILVER




SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-46500 R1-45000 S1-42000 S2-40500
Silver edged higher as market players continued to monitor geopolitical developments in Ukraine, Iraq and Gaza.

Bullion traded in choppy range after data out of Germany suggested the Russia-Ukraine conflict may be watering down global recovery.

Global economic data has also been strong, fuelling expectations that Fed will raise interest rates sooner rather than later.

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