Silver - Feb 18, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International and domestic silver prices are lower this Thursday morning and early afternoon trade.

Technically, LBMA Silver Spot below $27.30 will continue downside to sideways momentum up to $26.80-$25.20 levels. Resistance is at $27.90-$28.29 levels.

Technically, MCX Silver March below 69500 levels indicating sideways to marginal downside momentum up to 68700-67900 levels. Resistance is at 69550-70700 levels.

Strategy for Silver March for the rest of the session will be Sell near 69700 with a stoploss at 70200 and target at 68500.

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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