Silver MCX June Contract
Today silver Opened below 70000 and there night be a drop till 67500-300 regions initially, but in intraday silver can touch the level of 66000-64200 if prices sustain below 67200.
A direct rise above 69200 may lead silver to 70000 gain.
doubts on the bearish expectations and continue the rally later.
Gold MCX May Contract-
Unsuccessful attempts to clear above 21850-890 region would dilute hops for a rise and prices may come down to target 21700/600 region, but if consistent below the same call for long liquidation pressure which is expect to extend towards 21200 later. However if prices steady above 21900 possible fresh short covering rallies are favored later.
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