Gold, Silver trade in red in early deals; 28,200 key for yellow metal

Mustafa Nadeem, Chief Executive Officer of Epic Research, said: “Gold has initial support at Rs 28,400-28,200, which if sustained can see a pullback, and that may augur well for the bulls and help them take it towards the Rs 29,400 level. Silver was trading on positive note on MCX due to the formation of a Marubozu candle at the key support at Rs 39,800, which is also a swing low. Silver has initial support at Rs 39,800-39,500 levels, which if sustained can go to higher levels at Rs 41,200-41,60 ..

Publication : The Economic Times
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