Gold Silver evening Updates

Silver

Though Silver prices are still falling in a positive region, inability to clear above 74000-75000 regions would diffuse the buying momentum and would see prices falling towards 71600/70000 or more for the day. Unexpected rise above 75000 likely to start next swing higher till 77000 or more.

Gold

Expect to consolidate near 22040-21900 for the day with mild negative bias. Either the side breakout would be required to trigger sustainable move, but unlikely for major weakness unless close below the strong support 21580. On a broad bias breakout above 22050 the upside objective is seen at 22300 or more.


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