Copper & Silver Updates for Today


MCX bullion metals are trading under pressure again. Rupee trading up against dollar which led gold prices to remain under red mark.
MCX Silver has come down near 52600 level after witnessing 0.27% decline today. Market expectations for silver commodity are likely to stay week and the trend will depend on global cues.Technically 52200 is the level after which silver can be in proper bullish mode for near term. In today's trade, traders may not find much profit in downside. However if silver goes below 52450 level, prices are expected to touch 52000 level.In Base metals, Copper could be a buy on dips pick. Initially a downside can be seen in Copper till 420-418 level and then we can see a re-bounce recovery.

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