Gold Silver Tips- Bullion Updates

silver prices has fallen sharply today. MCX silver has witnessed a decline of 1.5% while Gold heading towards 28900 level after suffering a downfall of more than 0.70%.

The bullion metals started the day with negative bias and extended losses. Silver is finding its support level at 53000 level and below this mark, more downside is expected. If silver shows any positiveness after reaching 53150, traders can make a buying decision. The same strategy of buy on lower levels is advised for Gold commodity also. Intraday buy position can be taken near 28800 level.