MCX Copper Trend & Silver Updates for Today

Copper has been trading in consolidating mode for last couple of days. Though near term copper trend is positive but we can expect a slight downside before the actual upthrust. 416.50 is supporting level for MCX copper below which can attract sellers and push prices further down to 414-410 levels. Buying can be initiated above 424 level, keeping 427-430 levels as targets.

Silver is trading dull on MCX. With slight edge, trading above 53300 level. Breaching 53600 level in Silver commodity can increase the buying interest of traders and we can see Silver to go up to 54000-54500 thereafter.  


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