Silver - Oct 28, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International silver prices were trading in the red this Wednesday afternoon in Asian trade amid a firm U.S. Dollar.

Technically, LBMA Silver Spot is trading on flat note near $24.32 levels near its 21-DMA. However, below the level $23.50-$23.00 can be expected. Resistance holds at $25.07-$25.27 levels.

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

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