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Silver - Oct 23, 2020 - Reliance Securities

Posted On: 2020-10-23 08:44:11


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices were trading with gains this Friday afternoon in Asian trade as investors continue to hope for a U.S. coronavirus relief package eventually getting passed.

Technically, LBMA Silver Spot still holds resistance near $25.20 levels 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 gains this Thursday afternoon trade.

Technically, MCX Silver December is trading below 63000 levels below which will continue sideways momentum where upside could be limited upto 63250-63900 levels. Support holds at 62200-61500 levels.


Source: Equity Bulls

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