Lead is in overbought zone as RSI_14 is at 74, but there is no reversal chart pattern on the daily scale or divergence on momentum indicator
CME has raised margin for silver to push back any more speculative moves
"The (retail) frenzy is dead, it's rolled over," said Stephen Innes, chief global market strategist at financial services firm Axi
Wall Street's main indexes opened higher on Monday
If silver can break above the $26 level, then it is likely that the market goes looking towards the $27.50 level, and then eventually the $28 level
Gold will trade in range until market gets more clarity on the new Joe Biden-administration's policies
Low interest rate is also making gold an attractive bet. We might see inflation coming up in 2021 so that will also be another positive factor for gold
After taking support at 200 DMA, natural gas made bullish candle indicating bulls trying to stage comeback
Silver has risen twice as sharply as gold and so as a result, the gold/silver ratio has dropped to 76, its lowest level since the beginning of the month
Gold made 'Hammer' candlestick in the month of November after slipping 5.4 per cent and has now bounced back
Both silver and gold are headed to basement after strong US and Europe's economic data
Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday
Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout
Crude oil has breached its range of 3,130-3,230 with volumes
Lead has made narrow-bodied candles around 158-159 zone
Copper prices are far from 20 DMA and, historically, we have seen mean reversion happens when prices run too far from 20 DMA
Copper has made 'harami' candlestick pattern on daily scale which is a sign of reversal
Natural Gas has breached its previous resistance of 163
Crude oil bulls look exhausted
Yellow metal closes at Rs 52,801; there are indications of heavy profit-booking in short term