(Time Zone: Arizona, USA)
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International and domestic silver prices extended losses this Tuesday afternoon trade, tracking the sell-off in gold.
LBMA Silver Spot is trading on a weak note where $23.00 is holding a support zone below which could see further downside momentum $22.40-$21.30 levels. Resistance $24.18-$24.60 levels.
MCX Silver December has started to trade below 60000 where its trading below lower band of channel formation further downside could see 57600-56000 levels. Resistance is at 60500-62400 levels.
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