Silver - Dec 15, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices are trading higher on Tuesday morning and early afternoon trade, tracking gains in gold.

Technically, LBMA Silver Spot took a support near 21 Daily Moving Average and it started to trade above $24.00 levels. Further could see $24.57-$24.85 levels. Support at $23.58-$23.00 levels.

Technically, MCX Silver March started to trade above 64000 levels where breakout above 100-DMA is awaited above 64400 levels. However, below these levels indicate a sideways to marginal downside momentum to continue below 63000 levels up to 62050-60700 levels. Resistance is at 64800-65800 levels.

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Source : Equity Bulls

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