Silver - Oct 26, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International silver prices were trading in the red this Monday afternoon in Asian trade tracking weak gold and firm U.S. Dollar.

Technically, LBMA Silver Spot is trading near $24.20 levels where its trading on negative note further can see downside $23.50-$23.00 levels. Resistance holds at $25.07-$25.27 levels.

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

Technically, MCX Silver December below 61600 could see a downside pressure up to 60500 levels where it holds a support of 100-DMA. It could trade in a range of 60500-62900 levels.

Source : Equity Bulls

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