Gold and Silver - Aug 25, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International gold prices are trading weaker this Wednesday early afternoon trade in Asia weighed by an uptick in the dollar and buoyant risk appetite.

However, investors awaited Federal Reserve Chairman Jerome Powell's speech this week for guidance on the central bank's taper plans.

Technically, LBMA gold below $1795 level could see a some sideways to marginal downside momentum up to $1786-$1770 levels. Resistance is at $1805-$1820 levels.

Domestic gold prices are trading weaker this Wednesday early afternoon trade, tracking overseas prices.

Technically, MCX gold October could see sideways momentum where support is at 47300-47200 levels. Resistance is at 47700-47850 levels.

International silver prices are trading weaker this Wednesday early afternoon trade in Asia, tracking the strength of the dollar and weak gold prices.

Technically, LBMA silver is above $23.50 level could see momentum up to $24.10-$25.22 levels. Support is at $23.40-$22.65 levels.

Domestic silver prices are trading weaker this Wednesday early afternoon trade, tracking overseas prices.

Technically, MCX silver September is below 63500 level and now could witness a fall up to 63000-62400 levels. Resistance is at 64000-64900 levels.

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Source : Equity Bulls

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