Silver - Oct 16, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver spot prices were firm this Friday afternoon in Asian trade as the dollar fell from the highs of the session.

Technically, LBMA Silver Spot has bounced back from 21-Daily Moving Average indicating a positive breath in the counter. Resistance is placed at $25.20-$25.80 levels and Support is at $24.07-$23.12 levels.

Domestic silver futures on MCX tracked international prices and was trading with modest gains this Friday afternoon trade.

Technically, MCX Silver December holds a support near 61300 levels above which will continue its sideways to marginal upside momentum up to 62200-63000 levels.

Source : Equity Bulls

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