According to Achiievers Equities,Silver dropped as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a U.S. rate hike this year.
Achiievers Equities report on Silver
Silver trading range for the day is 43889-45571.
Silver dropped as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a U.S. rate hike this year.
Fed’s Williams said last week that he would like to see another rate increase "sooner rather than later."
Holdings at ishares silver trust gained by 0.94% i.e. 103.40 tonnes to 11159.74 tonnes from 11056.34 tonnes.
BUY SILVER SEPT @ 44400 SL 44100 TGT 44750-44950.MCX.
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First Published on Aug 23, 2016 10:50 am