Intraday mcx market has opened with negative market cues, bullion metals traded in a downtrend and silver is down by 1.72% and gold is down by 0.31% both the metals in the starting hours and is right now the bullion metals are trading sideways but it is expected for today that mcx gold and mcx silver will trade lower today. MCX Silver being an industrial metal also took cues from downside in base metals complex today.
MCX GOLD SILVER Support for 21 March:
MCX Gold
S2 - 27650 S1 - 27726
R1 - 28000 R2 - 28138
MCX Silver
S2 - 55625 S1 - 56045
R1 - 57267 R2 - 58331
MCX Tips For Today on Silver
MCX Silver (May) Sell between 56850-56950, SL-57305, Target -56060
