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Silver - Nov 23, 2020 - Reliance Securities

Posted On: 2020-11-23 05:27:19 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices were flat in lackluster trade in early Monday afternoon in Asia.

Domestic silver was down by 0.35% this early Monday afternoon trade.

Technically, LBMA Silver Spot holds a resistance of 100-Daily Moving Average at $24.55 levels. However it is sustaining near $24.00 levels indicating for sideways momentum to continue in the range of $23.50-$24.90 levels.

MCX Silver December is holding a resistance near 62450 levels where it has a strong support near 61500 levels indicating a sideways momentum to continue in the range of 61400-62500 levels.

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