Silver - Dec 17, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices are trading in the green in Thursday morning and early afternoon trade, tracking firm gold and a weak U.S. Dollar.

Silver has been outperforming gold over the last 3 sessions. The Gold-Silver ratio is at 73.35 this Thursday. On Tuesday, the ratio was at 76.60.

Technically, LBMA Silver Spot has given a breakout of the falling trend line and is trading above 100-DMA where further could see $26.06-$26.99 levels. Support at $25.40-$24.70 levels.

Technically, MCX Silver March has given a breakout of Rising trend line and is trading above 100- DMA which is at 64450 levels above which will continue its bullish momentum up to 68300-7000 levels. Support is at 65500-64300 levels.

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Source : Equity Bulls

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