Gold and silver price prediction today: Gold and silver are exhibiting signs of bullish breakout, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:MCX Gold Price OutlookMCX Gold prices are showing a firm bullish undertone, and the current market structure suggests the potential for further upside in the near term. As long as the metal sustains above the key support zone around ₹1,27,000, buyers are likely to remain active on dips, keeping overall sentiment positive. This support level has acted as a strong demand area in recent sessions, indicating that market participants are willing to accumulate positions whenever prices soften.On the upside, the next significant hurdle is placed near ₹1,34,000, which could be tested if momentum continues to build. A sustained move above immediate resistance levels, supported by favorable global cues such as softer bond yields, geopolitical concerns, or a weaker U.S. dollar, can accelerate buying interest. Additionally, ongoing expectations of central bank rate adjustments often play a key role in influencing gold prices, and any dovish signals can further strengthen the bullish trend.Traders may look for opportunities to buy on pullbacks as long as the price holds above the identified support. However, it is important to monitor volatility and global market developments closely. A decisive break above ₹1,34,000 could open the door for further gains, while a fall below ₹1,27,000 would weaken the current bullish outlook.MCX Gold Trading Strategy

MCX Silver Price Outlook:MCX Silver is exhibiting strong bullish momentum, and the current market structure indicates the potential for an extended upside move. As long as prices hold above the crucial support zone at ₹1,84,500, the overall bias is expected to remain positive. This level has repeatedly acted as a reliable demand area, suggesting that traders and investors are willing to step in whenever the metal experiences short-term declines. Sustaining above this support reinforces confidence in the upward trend.On the higher side, silver has room to advance toward the ₹2,00,000 mark, which stands as the next notable target. A breakout above intermediate resistance levels, combined with favorable global market cues—such as easing U.S. yields, persistent inflation concerns, or a softer dollar—can provide the necessary momentum for silver to continue its upward march. Increasing industrial demand, particularly from renewable energy and electronics sectors, may also lend additional support.Traders may adopt a “buy on dips” approach as long as silver stays above its key support, keeping risk managed and aligned with the prevailing trend. However, it is important to watch global economic indicators and volatility closely. A clear move above ₹2,00,000 could signal further bullish extension, while a drop below ₹1,84,500 would weaken the current positive outlook.MCX Silver Trading Strategy

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