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Commodities
Silver - May 10, 2021 - Reliance Securities
Posted On : 2021-05-10 16:34:36( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International silver prices are trading marginally higher on Monday early afternoon trade in Asia, tracking weak dollar and strength of the gold rubbed off on the white metal.
Technically, LBMA Silver has given a breakout of its Head & Shoulder pattern and could push prices up to $28.30-$29.00 levels. Supports are at $27.00 and $25.80.
Domestic silver prices are trading higher on Monday early afternoon trade, tracking overseas prices.
Technically, MCX Silver July has given a breakout above 71500 level and further push up to 72700-73300 levels. Supports are at 71800 and 71100.
Strategy for Silver July is buying on dips near 72000 with a stoploss at 71000 and at target at 74000.
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