Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang

SilverGold: The counter is continuously resisting the upper levels at 15060, while making higher lows in every session. This indicates that prices intend to break upwards but selling pressures come-in at higher levels. The RSI is also seen resisting the 60 levels, while ADX is laying flat. Thus there is no direction indication from ADX but prices suggest remaining long at dips, with Support at 21 DMA- 14903.

Silver: The prices maintained itself above the trend-line and closed above 23250 levels, indicates positive for the counter. However prices are at crucial levels, thus prices are expected to keep above the trend line and the support at 23325 levels. Breaching 23250 can push prices lower to 23000-22950 levels.