Silver - July 6, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

In other precious metals, international silver prices are trading higher on Tuesday early afternoon trade in Asia supported by a weaker dollar and stronger dollar.

Technically, LBMA Silver holds a 200-Daily Moving Average at $26.40 level above which could continue to push prices up to $26.75-$27.40 levels. Support is at $26.30-$25.70 levels.

Domestic silver prices are also trading with gains, tracking overseas prices.

Technically, MCX Silver September holds a 50-DMA near 70480 levels above which could see a bullish momentum up to 71200-72100 levels.

Strategy for Silver September for the rest of the session is buying on dips near 70000 with a stoploss at 69000 and target at 72000.

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Source : Equity Bulls

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