Silver - Dec 7, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices are trading weak this early Monday afternoon trade.

LBMA Silver Spot is trading above 21 but near the 50-Daily Moving Average at $24.10 levels indicating some sideways to marginal upside momentum where it could trade in a range of $23.75-$24.40 levels.

MCX Silver March is trading well above its short moving averages of 21 and 50 at 61825 but still below its 100 day moving average at 64003, which suggest prices could remain between the moving averages and a breakout on either side will be required for a clear price direction.

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Source : Equity Bulls

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