Silver - July 8, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices are also trading weaker on Thursday early afternoon trade in Asia tracking the strength of the dollar and weak gold prices.

Technically, LBMA Silver holds a 200-Daily Moving Average support at $26.40 level, and above which will continue its Bullish momentum & further could see $27.10 levels.

Domestic silver prices are also trading weaker on Thursday early afternoon trade, tracking overseas prices.

Technically, MCX Silver September holds a resistance 50-DMA near 70480 levels above which could see a bullish momentum up to 71200-72100 levels. Support is at 68900-67900 levels.

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Source : Equity Bulls

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