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Gold and Silver have seen a slight decline in international market. Comex Gold and Silver are trading near $1592 and $28.4 per ounce respectively.

In domestic market, MCX Gold opened with positive note while Silver started the day with red mark. However trend of bullion metals is likely to remain sideways to positive so we can expect prices to go up also.
Technical charts suggests resistance for Silver near 54850 level and above this level it may go up to 55300-55500 level. 54350 is the crucial intraday level for downside.

MCX Gold, if manages to stay above 29850 consistently, it may touch 29900-30000 level. 29650 is the stiff resistance level for downside.


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