Wednesday, 13 January 2016

Daily Commodity News on Precious Metals

Gold prices are consolidating at higher levels. A decisive breakdown below 25700 will push prices lower towards 25380 areas. Failure to break below this support will see prices rebound towards 26123 levels again. Sustenance above 26140 will push prices higher towards 26330 levels.

Silver prices will slip towards major support around 33150—33030 levels if the counter starts to trade below 33400. Prices needs to show momentum above 33700 to re-test 34000 areas. Any major downside in the counter is likely only on a break below 33000 levels.
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