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Silver - Jan 13, 2021 - Reliance Securities

Posted On: 2021-01-13 08:56:40 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver traded with modest gains on Wednesday morning and early afternoon trade tracking gold and a weaker U.S. Dollar.

Technically, LBMA Silver Spot is trading on a flat note where it's holding well above 50 as well as 100 Daily Moving Average where $24.80-24.30 holds a support zone. Resistance is at $26.02-$26.70 levels.

Technically, MCX Silver March is trading on a positive note where 65000-64400 holds a strong support above which will continue its bullish momentum up to 66700-67200 levels.

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.


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