Friday, 11 December 2015

Gold and Silver Commodity Market Updates

Failure to break below 25387 will see Gold prices consolidate between 25450—25400 levels and bounce back towards 25614/25700 levels again. Sustenance below 25387 will see prices weaken towards 25250/25150 levels. Any major upside is likely only on a daily close above 25800 levels.

Silver prices couldn’t sustain at its intraday highs at 34799 levels yesterday. Any major downside in the counter is likely only if prices break down below 34150 levels decisively. Until then counter will find support between 34300—34150 zones. The counter will witness momentum only once prices trade above 34600. A daily close below 34150 will open downside targets of 33850/33600 levels for silver.
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