Silver - Dec 10, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices are trading weak this Thursday afternoon.

LBMA Silver Spot gave a confirmation of the Shooting Star Candlestick pattern where it is trading below 21 as well as 50 Daily Moving Average which is a sign for Bearish Reversal. Further below $24.00 could see a downside pressure up to $23.40-$23.00 levels. Resistance is at $24.66-$25.05 levels.

MCX Silver March started to trade below 100-Daily Moving Average near 64400 levels. Support is at 62850-60500 levels. Resistance is at 63800-64450 levels.

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Source : Equity Bulls

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