Trading Tips and Updates on Gold and Silver

A flat trading with slightly negative bias is being seen in COMEX gold and silver metals. European Central bank's move to keep credit flowing in the region has made traders skeptical.

On MCX also Gold and Silver has prevailed the previous weakness and MCX gold is heading towards 27600-27500 level. Buying momentum could be seen only above 27800 level.

MCX Silver may touch 52500 today. Trading below 52900 for the targets of 52700-52500 is advisable for silver traders.

Commodity Silver Updates

Commodity Silver is looking bearish for the day. If today it doesn't breach the upside level of 64200, some more downfall can be seen in silver prices. A short covering rally is expected til 63700 which if extends to 64000 level then trend is likely to recover. Below 62500 major downtrend is anticipated.

Trading Tips: Sell in silver below 63250 TG- 63100-63000-63950 Stoploss 63500

above 63750 go for Buy.

MCX SIlver Updates- silver Likley to trade with positive bias

Silver Commodity likely to trade with positive bias above 52000 Mark only. Till then the uncertainty and ups and downs in this precious commodity might continue to take place. A trade above 52100 with healthy volume can lead Silver to touch 54000 mark while a breakthrough above 54200 will be required to sustain this up-trend which can target 55000-56000 levels later.
While inability to trade above 51100 might drag silver to 50500-50000 and even 49800 levels later.

MCX Bullion Tips- Gold Silver Calls

Gold (August Futures) MCX: Buy -22650-700, Stoploss-22620 Target -22755-22800

Silver (July Futures) MCX: Buy -55300, Stolploss-54950 target -55500-55800

MCX Gold Silver Updates - Trading Tips for today

Gold (June Futures): Sell - 21900, Stoploss- 22050 and target - 21800-700

Silver (May Futures): Sell - 67300, Stoploss- 67800 and the target - 67000-66500-66000