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Silver - Feb 22, 2021 - Reliance Securities

Posted On: 2021-02-22 05:01:20 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are trading higher this Monday morning and early afternoon trade in Asia.

Technically, LBMA Silver Spot is trading on a positive note after a bounce back from $26.00 levels indicating further upside up to $27.90-$28.50 levels. Support is at $26.97-$26.30 levels.

Domestic silver prices are also trading higher this Monday morning and early afternoon trade, tracking overseas prices.

MCX Silver March is trading above 21 as well as 50-Daily Moving Average which is placed at 68770 levels indicating an upside momentum upto 69900-70600 levels. Support is at 68750-67600 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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