Silver - April 13, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are trading marginally in the green this early Tuesday afternoon trade in Asia.

Technically, LBMA Silver Spot supports remain at $24.20 and $23.85. Resistances remain at $25.75 and $26.20.

Domestic silver prices are trading with gains this early Tuesday afternoon trade, tracking overseas prices.

Technically, MCX silver May supports are at 66340 and 67960. Resistances are at 66900 and 67060.

Strategy for Silver May for the rest of the session will be buying near 65900 with a stoploss at 65000 and a target at 67700.

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

Keywords