Silver - May 7, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are trading with small gains on Friday in early afternoon trade in Asia, tracking firm gold and weak Dollar.

Technically, LBMA Silver Spot continued to remain above $27.00 indicating a strong bullish momentum for the rest of the session up to $27.70-$28.00 levels.

Domestic silver prices are trading with small losses on Friday in early afternoon trade, tracking a stronger Rupee.

Technically, MCX Silver July continue to trade above 71000 indicating a strong bullish momentum for the rest of the session up to 71900-72000. Support is at 70100-69300 levels.

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Source : Equity Bulls

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