Silver - July 22, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International silver prices extended gains on Thursday early afternoon trade in Asia supported by a reflation trade with higher economic growth and rising inflation.

Technically, LBMA Silver is below the 21-Daily Moving Average near $26.00 level which could pull prices $25.00-$24.70 levels. Resistance is at $25.40-$25.70 levels.

Domestic silver prices are trading lower on Thursday early afternoon trade tracking a stronger Rupee.

Technically, MCX Silver September below 68000 and this could pull prices to 66800-66000 levels. Resistance is at 67700-68400 levels.

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Source : Equity Bulls

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