Silver - Dec 16, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices were up by over 1% this early Wednesday afternoon trade tracking gains in gold and weakness of the U.S. Dollar.

Technically, LBMA Silver Spot is trading above 21 as well 50-DMA where further could see $25.06-$25.99 levels. Support at $24.40-$23.70 levels.

Technically, MCX Silver March has given a breakout above 100-DMA which is at 64400 levels above which will continue its bullish momentum up to 65900-66200 levels. Support is at 64500-63300 levels.

Strategy for Silver March will be Buy above 65000-65050 SL 64300 TGT 66400.

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Source : Equity Bulls

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