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Silver - April 29, 2021 - Reliance Securities

Posted On: 2021-04-29 16:59:23 (Time Zone: UTC)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are trading with modest gains this Thursday in early afternoon trade in Asia tracking the weak dollar.

Technically, LBMA Silver Spot could trade on a positive note within the range of $25.70-$27.00 levels.

Domestic silver prices are trading with modest gains this Thursday in early afternoon trade, tracking firm overseas prices but a stronger Rupee and weak gold prices in the domestic markets capped upside.

Technically, MCX Silver could see a sideways momentum within the narrow range of 67800-68900 levels.

Strategy for Silver May for the rest of the session will be buying at 68100 with a stoploss at 67500 and a target at 69000.

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.


Source: Equity Bulls

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