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Silver - Oct 22, 2020 - Reliance Securities

Posted On: 2020-10-22 07:50:06


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver spot prices were trading with modest losses this Thursday afternoon in Asian trade tracking a strong U.S. Dollar.

Technically, LBMA Silver Spot is retreating from $25.20 levels where it holds a resistance of its previous peak below which could see some sideways momentum. Support is at $24.30-$23.90 & Resistance is at $25.30-$25.70 levels.

Domestic silver futures on MCX tracked international prices and was trading with modest losses this Thursday afternoon trade.

Technically, MCX Silver December yesterday holds a resistance near 64000 levels above which will continue upside momentum up to 67800-68500 levels. Support holds at 62200-61300 levels.


Source: Equity Bulls

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