Silver - May 5, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are trading weaker this Wednesday in early afternoon trade in Asia, tracking weak gold and stronger Dollar.

Technically, LBMA Silver Spot supports remain at $26.10 and $25.50. Resistances remain at $27.10 and $27.65.

Domestic silver prices are trading weaker this Wednesday in early afternoon trade, tracking overseas prices.

Technically, MCX Silver July could resistances remain at 69900 and 70400. Supports remain at 66900 and 66050.

Strategy for Silver July for the rest of session will be buying at 69500 with a stoploss at 68800 and a target at 71000.

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Source : Equity Bulls

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