The intraday trend of Silver likely to remain consolidated until it moves above 6000 mark. A rise above the same may attract new buying interest and silver can touch 60500 level soon but Silver needs to breach 60700-800 mark to see the strong rallies. Major sell offs are favored only below 57500.
Intraday traders can buy Silver (September) above 59450 to target 59700-900-60000 Stoploss 59100.
below 58950 go for sell targets- 58700-500.
While in MCX Gold is looking positive for intraday above 23120 mark. Below 22950 short selling is advised in Gold (Aug) to atrget 22800.