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Silver - July 8, 2021 - Reliance Securities

Posted On: 2021-07-08 12:04:41 (Time Zone: UTC)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are also trading weaker on Thursday early afternoon trade in Asia tracking the strength of the dollar and weak gold prices.

Technically, LBMA Silver holds a 200-Daily Moving Average support at $26.40 level, and above which will continue its Bullish momentum & further could see $27.10 levels.

Domestic silver prices are also trading weaker on Thursday early afternoon trade, tracking overseas prices.

Technically, MCX Silver September holds a resistance 50-DMA near 70480 levels above which could see a bullish momentum up to 71200-72100 levels. Support is at 68900-67900 levels.

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.


Source: Equity Bulls

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