Gold: Gold prices traded negative yesterday closing just below the 7 and 21 DMA. Therefore the prices may trade slighter weaker today, however strong support can come in at 14625. The RSI turned down yesterday with downwards movement in prices, but is expected to take support again at the trend line. Thus one can buy gold at dips with support at 14625, targeting 14850-900 in near term.

Silver: Silver prices are trading firm above 22400 levels. Prices breached the 23000 levels on upside yesterday and closed positive. The RSI also is moving upwards; however the ADX do not indicate any clear trend as if now. But closed above 22850 can take prices further higher to 23500-700 in near term.