Silver - May 26, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, international silver prices are also trading higher on Wednesday early afternoon trade in Asia, tracking weak dollar.

Technically, LBMA Silver is trading above $28.30 and now could test $28.66-$29.20 levels. Support is at $27.70-$27.20 levels.

Domestic silver prices are trading higher on Wednesday early afternoon trade, tracking overseas prices.

Technically, MCX Silver July is sustaining above 72000 levels and now could witness a push up 73100-74000 levels. Support is at 71500-70700 levels.

Strategy for Silver July for the rest of the session is buying on dips near 72000 with a stoploss at 71000 and a target at 74000.

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Source : Equity Bulls

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