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Silver - Oct 27, 2020 - Reliance Securities

Posted On: 2020-10-27 06:18:49 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International silver prices were trading in the green this Tuesday afternoon in Asian trade tracking firm base metals.

However, upside was capped amid the firm U.S. Dollar.

Technically, LBMA Silver Spot is also trading on flat note near $24.32 levels where its holding 21-DMA below further can see downside $23.50-$23.00 levels. Resistance holds at $25.07-$25.27 levels.

Domestic silver futures on MCX tracked international prices and was trading with modest gains in this Tuesday afternoon trade.

Technically, MCX Silver December is holding near 21-DMA at 61770 levels above which could see upside push up to 62500-63060 levels. Support holds at 61200-60700 levels.


Source: Equity Bulls

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