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Silver - Nov 24, 2020 - Reliance Securities

Posted On: 2020-11-24 06:49:16 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices extended losses this Tuesday afternoon trade, tracking the sell-off in gold.

LBMA Silver Spot is trading on a weak note where $23.00 is holding a support zone below which could see further downside momentum $22.40-$21.30 levels. Resistance $24.18-$24.60 levels.

MCX Silver December has started to trade below 60000 where its trading below lower band of channel formation further downside could see 57600-56000 levels. Resistance is at 60500-62400 levels.

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Source: Equity Bulls

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