In domestic markets, gold and silver are trading on the edge. The RSI indicator are favouring the positive trend for Gold So we can expect a rally in Gold above 29930 level.
Yesterday MCX Silver rose 1.6% and as expected, the rally has continued today also. Silver is now trading above 54200 and heading towards 54500 level. If it successfully breaches this level, we can see prices to reach 54800-55000 soon.
Technical Charts are also suggesting buying signal for both the precious metals. In other commodities, one can buy crude above 5000 level for the targets of 5050-570 level.