Bullion metals have shown an initial
shine after a long time and MCX Silver managed to touch 53000 level.
Gold prices have witness a rise of nearly half percent while silver
after touching 53000 level, is trading near 52960 level. Silver could
continue the positive trend till 53200 level and a volume driven
breach above 53200 may extend the trend till 53500-53700 level.
While inability to sustain above 52950
can cause downfall gain and Silver may find support level at 52750
and 52200.
For MCX Gold, one may buy above 29750
for the targets of 29850-29900-29950.
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