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Silver

MCX Silver price has given a bullish breakout, price is expected to trade positively. Sustaining above 64000 would push the price higher towards 64700/65200 levels intraday. The momentum indicator RSI is trading at 75 and it is forming higher highs which is a bullishness in the prices.

BUY SILVER ABOVE 64000 SL BELOW 63500 TGT 64700/65200

Gold

MCX Gold price has given a strong resistance breakout, price is expected to trade positively. Sustaining above 49600 would push the price higher towards 49900/50000 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullishness in the prices.

BUY GOLD ABOVE 49600 SL BELOW 49400 TGT 49900/50000

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