(Time Zone: Arizona, USA)
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International silver prices are trading marginally in the red this Monday morning and early afternoon trade in Asia as the Dollar continues to gain this Monday morning and early afternoon trade.
Technically, LBMA Silver Spot remained near the pivotal level at $24.75 levels and a sustained trade above could push prices back up to $25.65-$26.00 levels.
Domestic silver prices are trading marginally weaker this Monday morning in Asian trade, tracking weak overseas prices.
Technically, MCX Silver May are below 65900 which could witness a retest of support level at 63900. Resistance is at 67000.
Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.