Gold: The counter exactly took support at the support line and moved upwards breaching the earlier resistance at 15886; prices closed higher making a new high in the October contract. The Counter is expected to continue its uptrend for the day entering a new territory targeting 16250 in short run.

Silver: The counter moved positive above 27000 yesterday after a long consolidation phases, making a new high of 27350 in the December counter. The counter is expected to continue its uptrend, thus one can remain long in the counter above 27000 as we recommended yesterday, targeting 27600-800 in near term.