GOLD n SILVER updates:
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GOLD n SILVER updates:
GOLD (JUN) - Gold rebounded modestly on Thursday following its largest two-day decline in over a month. Gold rebounded modestly on Thursday following its largest two-day decline in over a month. COMEX gold futures, as per the May contract, settled up by $16.00, or 0.1%, at $1,630.10 per ounce. Resistance and support levels for the today’s session:
SUPPORT 1: 28065
SUPPORT 2: 28050
RESIST 1: 28150
RESIST 2: 28220
SILVER (MAY) – Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast.
Its advocates say silver, which occupies a middle ground between industrial metals like copper and investment vehicles like gold, can benefit both from the fledgling economic recovery that is lifting copper and from the investment that is driving gold. On domestic front Silver’s Expected resistance and support levels for today trade are as follows:
SUPPORT 1: 55875
SUPPORT 2: 55775
RESIST 1: 56160
RESIST 2: 56350
Recovery Plan
SUPPORT 1: 28065
SUPPORT 2: 28050
RESIST 1: 28150
RESIST 2: 28220
SILVER (MAY) – Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast.
Its advocates say silver, which occupies a middle ground between industrial metals like copper and investment vehicles like gold, can benefit both from the fledgling economic recovery that is lifting copper and from the investment that is driving gold. On domestic front Silver’s Expected resistance and support levels for today trade are as follows:
SUPPORT 1: 55875
SUPPORT 2: 55775
RESIST 1: 56160
RESIST 2: 56350
Recovery Plan
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