Silver - Dec 23, 2020 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices are trading with small gains this Wednesday morning and early afternoon trade.

However, over the last 2-3 sessions silver has underperformed gold as gold-silver ratio rose to a high 74.22 this Wednesday. Ratio's low was 69.63 on Monday.

Technically, LBMA Silver Spot is trading near 100-DMA near $25.10 levels indicating sideways to marginal downside trend to continue upto $24.60-$23.80 levels and resistance $25.90-$26.60 levels.

Technically, MCX Silver March below 66500 level will continue its Bearish momentum where downside support is at 66400-65600 levels. Resistance is at 67200-68600 levels.

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Source : Equity Bulls

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