Silver - Nov 5, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Technically, BMA Silver Spot is trading near 21-DMA which is placed at $24.27 levels, however $23.68 holds a support below which will continue its downside momentum up to $23.00-$22.75 levels. Resistance is at $25.00-$25.20 levels.

Technically, MCX Silver December is trading above 21 as well as 50-Daily Moving Average above 62000 levels. However below 61200 could see a Bearish move upto 59900-59100 levels. Resistance is at 63400-64050 levels.

Source : Equity Bulls

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