Silver - May 27, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, international silver fell prices are trading marginally in the green on Thursday early afternoon trade in Asia.

Technically, LBMA Silver holds a hurdle near $28.30 level below which could see sideways momentum to bearish momentum. However, strong breakout could take prices up to $28.66-$29.20 levels. Support is at $26.95 $26.30 levels.

Domestic silver prices are trading marginally in the red on Thursday early afternoon trade, tracking stronger Rupee and weak gold prices.

Technically, MCX Silver July if sustains above 71000 level can take prices up to 71900-72700 levels. Support is at 70700-69900 levels.

Strategy for Silver July for the rest of the session in buying on dips near 71000 with a stoploss at 70000 and a target at 73000.

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Source : Equity Bulls

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