(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.
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