2025-03-17 02:22:54
Latest Post
Maharashtra Seamless Limited receives order worth Rs. 298 crores
P N Gadgil Jewellers Limited opens new store at Talegoan Dabhade, Pune
Zydus receives final approval from USFDA for Eluxadoline Tablets, 75 mg and 100 mg
Oberoi Realty Limited opens 'Sky City Mall' at Borivali East, Mumbai
Solarium Green Energy Ltd enters into MOUs for solar panels
Commodities
Silver - May 10, 2021 - Reliance Securities
Posted On : 2021-05-10 16:34:36( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International silver prices are trading marginally higher on Monday early afternoon trade in Asia, tracking weak dollar and strength of the gold rubbed off on the white metal.
Technically, LBMA Silver has given a breakout of its Head & Shoulder pattern and could push prices up to $28.30-$29.00 levels. Supports are at $27.00 and $25.80.
Domestic silver prices are trading higher on Monday early afternoon trade, tracking overseas prices.
Technically, MCX Silver July has given a breakout above 71500 level and further push up to 72700-73300 levels. Supports are at 71800 and 71100.
Strategy for Silver July is buying on dips near 72000 with a stoploss at 71000 and at target at 74000.
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.
