Though Gold managed to recover finally and closed in green but the broad negative bias is still intact. As far as MCX gold manages to hold 27700 level, a recovery move till 27850-28200 could be seen in today's trading session. A straight fall below 27350 can drag prices below 27000 level.
MCX Silver is also facing the same bearish trend. On Monday prices could not manage to close above 53000 level. Today, key support for Silver is seems to be 52450 which can cease the liquidation pressure in this precious metal. And below this level Silver may test 51900-51650 level soon. 54000 would be required to regain the bullish momentum in silver.
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