Silver - Nov 9, 2020 - Reliance Securities

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Silver - Nov 9, 2020 - Reliance Securities
Posted On: 2020-11-09 22:49:50 (Time Zone: Arizona, USA)

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities International and domestic silver prices are trading with solid gains on Monday afternoon trade tracking the weakness of the U.S. Dollar. Technically, LBMA Silver Spot is sustaining above 50-DMA which is placed at $25.00 levels. $24.38 holds a support above which could see upside momentum. Support is at $23.00-$22.75 levels. Resistance is at $26.68-$27.20 levels. Technically, MCX Silver December is trading near the 50-Daily Moving Average above 65000 levels. However it could continue a bullish move above 64600 levels. Support is at 65400-64050 levels. Resistance 66400-69000 levels.
Source: Equity Bulls
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