Silver - April 20, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, silver prices this early Tuesday afternoon trade in Asia tracking the weakness of the U.S. Dollar.

Technically, LBMA Silver Spot is indicating for strong uptrend where above $26.00 level indicating for further upside movement up to $26.60-$27.30 levels. Support is at $25.30-$24.60 levels.

Domestic silver prices are trading higher this early Tuesday afternoon trade tracking firm overseas prices.

Technically, MCX Silver has sustained above 68000 support levels and now could see a bullish rally up to 69300-70100 levels. Support is at 67800-66900 levels.

Strategy for Silver May will be buying near 68000 with a stoploss at 67000 and a target at 70000.

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Source : Equity Bulls

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