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Silver - Jan 21, 2021 - Reliance Securities

Posted On: 2021-01-21 05:13:20 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver are trading with small gains this Thursday morning and early afternoon trade after global exchange-traded fund holdings hit an all-time high.

According to Bloomberg data, ETF holdings jumped to 28,312.6 tons, the highest figure on record.

Technically, LBMA Silver Spot is holding a resistance near 21-Daily Moving Average at $25.97 levels and below which could trade in the range of $24.90-$26.00 levels.

Technically, MCX Silver March holds a resistance zone at 67400-67700 levels where prices could retreat and can trade on Bearish note up to 66500-65800 levels.

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