Gold and silver are finding support and the end of 2011 was not a time to call the end of a trend but to realize that gold and silver was providing a discounted buying occasion. The mining shares have never been as oversold in this whole time long run as it was in the end of 2011.
MCX gold gains, support at Rs.29697-28740.
MCX gold gains, resistance at Rs.28512-28591.
Silver rises, MCX silver resistance at Rs.54700.
Silver under pressure, MCX resistance at Rs.53600.