Hydroxy acetone reduces ammoniacal silver nitrate ( Tollen's reagent), thereby being oxidised to DL- lactic acid. Althogh ketones do not normally reduce Tollen's reagent or Fehling's solution, alpha hydroxy ketones are exceptions. Similarly, ketones form phenyl hydrazone with phenyl hydrazine, but alpha hydroxy ketones form osazones. This is because alpha hydroxy ketone appears to exist as an equilibrium mixture of hydroxy ketone and cyclic hemiacetal forms ( ring-chain tautomerism ).