SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47000 R1-46000 S1-43000 S2-41500
Silver dropped as investors assessed the health of the U.S. economy and the timing of future interest rate hikes from the Federal Reserve.
A run of forecast-beating data, including strong U.S. wage growth, had fueled talk that the Fed could raise interest rates sooner than expected.
Holdings at ishares silver trust dropped by 0.04% i.e. 4.38 tonnes to 10010.25 tonnes from
10014.63 tonnes.
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