Apr 23, 2021 03:39 PM IST
LBMA Silver Spot has given a breakout above 50 as well as 100 Daily Moving Average above $26.00 level and could trade on the positive note within the range of $25.80-$27.50 levels.
- Apr 22, 2021 04:57 PM IST
Silver may trade with a positive bias along with gold; however. price has already rallied too sharply and ETF outflows show a lack of investor confidence.
- Apr 18, 2021 03:43 PM IST
LBMA Silver Spot is trading above all major Daily Moving Averages indicating a strong uptrend up to $26.90-$28.30 levels. Support is at $25.30-$24.30 levels, said Iyer.
- Apr 16, 2021 03:37 PM IST
The momentum indicator Relative Strength Index (RSI) is at 58.81, which indicates upbeat momentum in prices.
- Apr 15, 2021 03:43 PM IST
The semi-precious metal has been trading higher than 5, 20, 50, 100 and 200 days’ moving averages on the daily chart. The momentum indicator Relative Strength Index is at 57.94 which indicates bullish momentum in prices.
- Apr 10, 2021 08:19 PM IST
The Relative Strength Index (RSI) is at 53.79, which indicates positive momentum in prices.
- Apr 05, 2021 03:29 PM IST
A direct rise above $25.20 likely to continue rallies towards $26.50 or more. Else, expect a choppy with mild negative bias trading for the day.
- Apr 03, 2021 05:32 PM IST
The gold/silver ratio is currently trying to settle below the 70 levels. If this attempt is successful, gold/silver ratio will move towards the 69 levels which will be bullish for silver, said Kshitij Purohit of CapitalVia Global Research Limited.
- Apr 01, 2021 03:31 PM IST
Technically, LBMA silver Spot is holding support near $23.75 and can see a bounce back up to $24.80 levels, say experts.
- Mar 26, 2021 04:47 PM IST
Silver has witnessed mixed trade along with gold in the past few sessions but has generally underperformed and this is evident from the gold/silver ratio which has risen towards 70 levels.
- Mar 25, 2021 03:41 PM IST
The spot gold/silver ratio currently stands at 69.47 to 1 indicating that gold has outperformed silver. While the gold has been steady, silver is pressurised by concerns about the Chinese economy.
- Mar 22, 2021 03:57 PM IST
Speculators cut their net long silver futures and options by 1,763 contracts to 25,913 in the week to March 16, the US CFTC data showed.