2025-04-28 00:46:06
Latest Post
Tembo Global Industries Ltd. Wins Two Major Domestic Contracts Worth ₹51.82 Crores
Forbes Precision Tools and Machine Parts Ltd declares interim dividend of Rs. 5 for FY2025-26
NRB Bearings announces ₹200 Crore Capacity Expansion to Support Major European OEM Programs
SNL Bearings Ltd Q4 FY2024-25 PAT at Rs. 2.80 crore
Indraprastha Gas Ltd Q4 FY25 consolidated PAT climbs to Rs. 455.14 crores
Commodities
Silver - Dec 3, 2020 - Reliance Securities
Posted On : 2020-12-03 16:17:22( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International silver was lower this early Thursday afternoon trade, tracking the weakness of the industrial metals.
Most of the industrial metals are trading weak amid profit booking.
Technically, LBMA Silver Spot after giving a breakout is consolidating near 50-Daily Moving Average at $24.00 levels indicating sideways momentum where it could trade in a range of $22.80-$24.50 levels.
Domestic silver prices are trading with modest gains this early Thursday afternoon trade.
Technically, MCX Silver March was unable to sustain above 64000 levels, however above 63000 levels indicating a positive momentum up to 64200-65300 levels in the next few sessions. Support is at 62400-61600 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.
