Silver - May 14, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other metals, silver prices too were trading higher on Friday early afternoon trade in Asia, tracking a rebound in gold and weaker dollar.

Technically, LBMA Silver Spot immediate resistance is at $27.25, and a sustained trade above could push prices to $27.60. Immediate support is at $27.00, and a trade below could pull prices to $26.70.

Domestic silver prices were trading higher on Friday early afternoon trade, tracking overseas prices.

Technically, MCX Silver resistances are at 71000 and 71400 and a sustained trade above both levels could push prices to 71900. Supports are at 70590 and 70000 and a trade below both levels could pull prices to 69300.

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Source : Equity Bulls

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