Commodity Gold Silver Tips for Today

Commodities market is facing downside in mcx Silver wherein silver may futures has been declined to 54570 till now. A decline of nearly 0.50% has been witnessed in silver futures. It is facing stiff support at 54350 level and inability to breach the same may reverse the trend. Below 54350, this precious metal may direct towards 54000-53500 levels while a rise above 54750 would lift the prices till 5520-55500 level.

MCX Gold is likely to trade under consolidation with a bit of negative bias. A trade below 29250 may push down the prices further to 29100-29000 level.

MCX Gold Silver Updates Today

MCX Silver (July)
In Silver MCX July Contract, Above 55900, prices can take an up move towards 56500-57500. Below 54400 drift sell off can be seen towards 53200-52000.

For Intrdaay Buy Silver Above 56000 For the targets of 56500-56800 Stoploss 55500.

MCX Gold (August)
Even the broad positive trend is intact; intraday gains may be limited as long as 22640-660 regions cap the upside. A direct rise above 22680 may take prices higher towards 22730, but fresh short covering rallies are favoured only if prices consistent above 22740. However drift lower from 22640 if materialize could drag prices till 22500/410