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Silver - Dec 1, 2020 - Reliance Securities

Posted On: 2020-12-01 06:03:02 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver were trading with gains amid a weaker U.S. Dollar and tracking the strength of the industrial metals.

Technically, LBMA Silver Spot has bounced back from $21.90 levels where it had held support at previous bottom and has started to trade above $22.50 levels indicating sideways to marginal upside momentum to continue above these levels. It could trade in the range of $22.40-$23.50 levels.

On the charts, MCX Silver March held support near 58880 levels where it bounced back and started to trade above 60000 levels indicating positive momentum up to 61900-62300 levels. Support is at 59900-59000 levels.

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