Monday 1 September 2014

CAPITAL STROKE UPDATE 1-September-2014: MCX SILVER




SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45000 R1-43500 S1-40500 S2-39000

Silver settled down as prices seen under pressure from rallies in equities and the prospect of a U.S. interest rate hike.

Pressure also seen after upbeat economic data from the U.S. showed consumer sentiment in August to have improved unexpectedly

Holdings at ishares silver trust gained by 0.38% i.e. 38.79 tonnes to 10311.68 tonnes from 10272.89 tonnes.

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