Expert Analysis for Gold and Silver Futures Trading

GoldGold prices moved up above 14500 for closing yesterday. However prices closed below 9 DMA of 14531. The RSI have given a cross over on the upside, thus the bias remains on upside for the day.

Silver Prices moved lower during the day breaching the support at 22450, however prices showed strength by closing higher at 22732. The RSI is seen inching up, which indicate buying taking place at lower levels. Thus trader can cautiously buy at current levels, as breaking the support levels at 22400 can put downwards pressure on Silver prices.