Last
week MCX Silver closed at Rs 29548 with marginal decline and Silver
also witnessed marginal decline to close at Rs 54191.
The
bullion market has started the first day of week with positiveness.
Comex Gold Silver are trading up nearly 0.50% and 1% respectively as
an effect, domestic market also opened with positive note. Gold is
trading above 29600 level and it may target 29750-29900 level today
while silver is heading towards 55000 level if it manages to prevail
54600 level.
Silver
seems to have immediate Resistance near 55000 level and support at
54350. Any trade beyond either side would decide the intraday trend
of this precious metal.
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