A sharp decline has been seen in silver and Gold prices. With a drop of nearly 1% t, MCX Gold futures is trading near 27700 and prices are expected to extend this decline below 27700 level. Technically a trade above 27800 would negate the bearish view. Sell Gold below 27690 TG-27600-560
On the other hand MCX Silver prices are facing sharp decline. 56500 being the nearest support, silver prices may see further downside below this level. Major downside is expected below 56000.
