MCX Silver May contract opened higher hitting a high of Rs 56989, but has moved down ever since and is currently trading at Rs 56780, down 0.10% and COMEX silver contracts are also trading down.

Silver markets predicts have cooled off and there shortage of any interest for investing in silver. And this absence of any major fundamental news might turn investors to look for technical opportunities. Our Experts has recommended a buy signal on Silver for intraday trade on Monday
MCX silver May support Rs 55858/Rs 56320 , resistance Rs 57360/Rs 57989

MCX Gold
For this week, consider resistance at 28801-28900 and support at 28598-28400. Sell on Rise Strategy. Stochastic is in a buy mode and expect prices to go up to levels of 28785.Trading Call: Buy around2000 levels with a stop loss placed below 28430levels for targets of 28700 levels.

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