(Time Zone: Arizona, USA)
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International and domestic silver prices remained flat but remained volatile this Wednesday's trading session.
Technically, LBMA Silver Spot holds a support zone near $22.60-$23.00 levels from where prices could see upside push up to $23.60-$24.51 levels. However below $23.00 will continue its Bearish momentum up to $21.70-$20.00 levels.
On the charts, MCX Silver December is sustaining below Rising Channel formation where below 58500 could see a further downside momentum up to 57600-56000 levels. Resistance is at 60200-61000 levels.
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