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Silver - June 3, 2021 - Reliance Securities

Posted On: 2021-06-03 16:25:38 (Time Zone: UTC)


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.

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.


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