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Silver price Excited after breaking 33 Dollar

Traditionally silver price aggressively indirectly proportional to US Dollar, current schenario of weaker Dollar prospects after Feds interest rate policy invited sleeping Silver investors to buy silver. Fundamental industrial demand has been muted in recent times but as an investment demand silver price technically in recovering mode. It is believed that converting cash into silver  as a reserve has some reward than risk. Gold\'s price recovery , US dollar capping the top, positive US data balancing Europe negative data and China's GDP in background surges silver rally after breaking ans sustaining 30$ price level

 

posted by raju for DFT