Silver - Jan 18, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices rebounded from the lows of the session this Monday morning and early afternoon trade in Asia, tracking gains in gold prices.

Technically, LBMA Silver Spot is trading near $25.00 levels below which could see some sideways momentum in the range of $23.80-$26.20 levels in coming sessions.

Technically, MCX Silver March above 65000 levels will continue its bullish momentum up to 66100-67000 levels. Support is at 64600-63900 levels.

Strategy for Silver March Buy near 65000-65050 SL 64200 TGT 66500. Conditions apply.

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.

Source : Equity Bulls

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