(Time Zone: Arizona, USA)
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
In other precious metals, silver inched down this Thursday morning and early afternoon trade in Asia.
Silver has underperforming gold over the last few trading sessions as the gold-silver ratio shows. The ratio was last trading at 70.54 levels this Thursday early afternoon trade compared to 69.12 on a closing basis last Friday.
Technically, LBMA Silver Spot is holding a support near $23.75 levels and could see a bounce back up to $24.80 levels.
Domestic silver prices were trading with small cuts this Thursday morning and early afternoon trade, tracking weak overseas prices.
Technically, MCX Silver May has bounced back from 62500 and trading on a positive note near 63800 indicating further upside momentum up to 64200-64800 levels.
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