Silver - June 17, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, international silver prices also dipped on Thursday early afternoon trade in Asia tracking weak gold and stronger dollar.

Technically, LBMA gold major support is at $26.70, however a close below today will pull prices to $26.10 levels. Resistances are at $27.20 and $27.60 for this Wednesday's session.

Domestic silver prices opened gap down and is trading in the red on Thursday early afternoon trade, tracking overseas prices.

Technically, MCX Silver July is trading below a pivotal level at 70000 and a sustained trade below will pull prices to initially 68400 and further down to 67000 levels.

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Source : Equity Bulls

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