MCX Gold And MCX Silver Trading Levels

Broad weak bias prevails in MCX Silver while prices stay below 52500. Intraday  moves likely to test the immediate downside obstacle of 49000 but once it cleared likely to continue the selling momentum towards 47000/45000 or even more. However, a turn higher from 49000 if materialize could stretch the momentum and could signal pullback
rallies till 52000 later

In Gold Commodity, The current long liquidation spree to be continued only by a voluminous break below the region of 26530 which leads price pointing towards 26340/25990. If not, by holding the 26530 region for a bounce back towards 26750/830 or even higher.

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Silver MCX Tips- Trading Levels for Today

Again on second consecutive day, Silver showed up a positive session and managed to close above 54000 mark with a gain of more than 1.5%. Now for the day silver is likely to trade with positive bias. 54700 will act as a crucial level. A trade above the same may help Silver to extend its bulish trend towards 55200-55000 and even 56000 level later.

Traders can buy Silver (August) above 54200 for the targets of 54500-54700 (Intraday) and can wait for the targets of 55000 also after booking the partial profit.

Below 53650 Silver is looking bearish.

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Silver Trend Today- Trading Tips For evening Session

Silver MCX July Contract is trading with positive Bias and likely to tick 53800-54200 initially. If Silver Manages to Close above the crucial level of 54200, more upside may be seen towards 54500-55000. A direct fall below 52800 would cause a drift lower towards 52100-51800 in silver.

For Intraday Traders can buy Silver around 53400 for the targets of 53800-54000-54200 Stoploss- 52950.

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Silver Trend Today- Intraday Tips

Silver yesterday traded in very unpredictable manner and volatile session and ultimately closed in green territory. Lack of buying sentiments kept silver today in Negative zone in early session. Since Doller is getting strong against other major currencies, Silver might get more highs. The major support for Silver July Contract is Seen near 52200 and above 52900 silver might touch 53500-54000 levels in near term.

Intraday Traders can buy Silver Above 52900-950 for the targets of 53450-53800 Stoploss below 32350.

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Bullion Metals- Gold Silver Trend Today

The downside major support for Gold is seen near 22400-22380 and If Gold get succeeded to Breach This level it might fall down to 22300 followed by 22200-22100. The overall trend is still Bullish and if Gold not stays above 22400 on a consistent basis, higher levels like 22450-650 can be seen in near term. The near term trading range fo Gold is 22400 to 22900.

For Intraday Buy Gold 22450-22500 for the targets of 22540-22580-600 Stoploss 22380.

Silver Is trading with negative bias and a downfall till 52300-52950 can be seen if silver consitently trades below 54500. Uptrend can be seen only above 54500 trading above which could take Silver Towards 55000-56200 levels in near term.

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