Silver - Feb 4, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are trading marginally weaker this Thursday morning and early afternoon trade in Asia.

However, downside remained capped as hopes of stimulus measures could prompt a pick-up in industrial demand.

Technically, LBMA Silver Spot continued to trade on a negative note near $26.60 levels indicating a sideways to bearish momentum to continue. The range for the rest of the session will be between $26.00-$27.80 levels.

Domestic silver prices are trading weaker this Thursday morning and early afternoon trade, tracking weak overseas prices.

Technically, MCX Silver March holds a support of 21-Daily Moving Average at 67300 levels. The range for the rest of the session will be between 67000-69800 levels.

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Source : Equity Bulls

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