Gold: Gold prices are trading range bound resisting 14625 levels on the upside and taking support at 14400 levels. Thus rally is expected on break-out of the range, in the direction of the break-out. Bias remains on downside, with previous close below the 7 and 21 DMA and MACD below Zero Line.

Silver: Silver prices continue to trade in the downward channel taking support at 21450 levels. The bias remains on the negative for silver with dropping RSI and rising ADX with -DI on the upside. Thus, breaching 21450 levels can push prices lower to 21000 and 20800 in near term.