Silver - Feb 17, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices were more resilient compared to gold and are trading marginally higher this Wednesday morning and early afternoon trade in Asia amid industrial demand for the metal.

Technically, LBMA Silver Spot below $27.30 will continue downside to sideways momentum up to $26.80-$25.20 levels. Resistance is at $27.90-$28.29 levels.

Domestic silver prices are trading marginally lower this Wednesday morning and early afternoon trade, tracking weak gold overseas prices.

Technically, MCX Silver March below 70000 levels indicating a sideways to marginal downside momentum up to 68700-67900 levels. Resistance is at 69550-70700 levels.

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Source : Equity Bulls

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