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Silver - Jan 5, 2021 - Reliance Securities

Posted On: 2021-01-05 09:58:18 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices are trading with gains supported by expectations for rebound for demand for the metal as the roll-out of covid-19 vaccine raises hopes of a swift economic recovery.

Technically, LBMA Silver Spot remained above the important level of $27.00 levels which could push prices up to $27.65-$27.75 levels for the rest of the session. Support is at $26.85-$26.60 levels.

On the domestic side of things, MCX Silver March resistance for the session is at 70400-70500 and a break above could push prices up to 70730-71000 levels.

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