CLOSING COMMENTARY FOR JULY 16 THURSDAY 10.30 PM IST

Gold prices had a highly mixed trend today betwn

14700 - 14800. Strong res seen around 14800, a

close above seems more bullish. Trend is quite

positve for short term if sustains above 14680.

: Silver prices also had a tight range betwn 21750 -

22000. Strong Res is at 22000 and could not able

to break. Overall trend looks bearish and sell at

res levels advised. Medium Term Trend looks bearish.

Silver prices could test 20500 - 20000 in coming days.