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.
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