Silver - April 22, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, international silver edged down this early afternoon trade in Asia on Thursday.

Technically, LBMA Silver Spot has given a breakout above $26.00 level and could trade on positive note within the range of $25.80-$27.10 levels.

Domestic silver prices are trading weaker this early afternoon trade on Thursday Asia tracking weaker overseas prices and stronger Rupee.

Technically, MCX Silver is indicating for upside movement up to 70800-71700 levels. Support is at 69400-68800 levels.

Strategy for Silver May for the rest of the session will be buying near 69500 with a stoploss at 68800 and a target at 71000.

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Source : Equity Bulls

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