Silver - June 3, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, international silver inched down on Thursday early afternoon trade in Asia, tracking weak gold and strong dollar.

Technically, LBMA Silver holds a strong resistance near $28.50-$29.66 levels. Support is at $27.30-$26.88 levels.

Domestic silver prices are trading with modest losses on Thursday early afternoon trade in Asia, tracking weak overseas prices.

Technically, MCX Silver July below 72500 could take prices up to 71800-70600 levels. Resistance is at 73000-73500 levels.

Strategy for Silver July for the rest of the session is selling on rise at 72500 with a stoploss at 73200 and a target at 71800.

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Source : Equity Bulls

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