Gold Prices sharply declined yesterday after breaching the 7 DMA of 14886. Gold closed lower at 14755, taking support from the 21 DMA of 14708. Today prices may maintain above 14708, but breaching 14708 prices may further fall lower to 14600-640 levels.

Silver Prices have declined yesterday breaching the short-term uptrend. The prices have breached the support levels of 22400 and closed below the same at 22396. Thus prices looks bearish below 22400 in near term, whereby prices may test the support at 21 DMA of 21954 in near term.