Silver - Nov 6, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices remained range bound in a volatile trade this Friday.

Markets, however, extended gains from Thursday tracking weak U.S. Dollar Index.

Technically, LBMA Silver Spot is trading above 50-DMA which is placed at $25.00 levels, however $24.38 holds a support below which could see sideways momentum up to $23.00-$22.75 levels. Resistance is at $26.68-$27.20 levels.

Technically, MCX Silver December is trading at 50-Daily Moving Average above 65000 levels. However it will continue bullish move above 63600 levels. Support is at 63400-64050 levels. Resistance 66400-69000 levels.

Source : Equity Bulls

Keywords