Silver - Oct 21, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver spot prices were trading with modest gains this Wednesday afternoon in Asian trade tracking weak U.S. Dollar and industrial demand for the metal.

Technically, LBMA Silver Spot is trading on a positive note where $25.55 holds a resistance above which will give a breakout $26.68 levels. Support holds at $23.97 levels.

Domestic silver futures on MCX tracked international prices and was trading with modest gains in this Wednesday afternoon trade.

Technically, MCX Silver December holds a resistance near 64900 levels above which will continue upside momentum up to 67800-68500 levels. Support holds at 62200-61300 levels.

Source : Equity Bulls

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