Silver - April 19, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, silver prices are trading marginally lower this early Monday afternoon trade in Asia.

However, downside remained capped as the U.S. Dollar gave up morning gains.

Technically, LBMA Silver Spot is trading flat but trading above the pivotal level of $26.00 level indicating a further upside movement up to $26.60-$27.30 levels.

Domestic silver prices are trading lower, tracking overseas prices. However, a weaker Rupee has capped weakness.

Technically, MCX Silver is trading above 68500 supports and above which could see a bullish rally up to 69500-70600 levels.

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Source : Equity Bulls

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