Commodity Updates: Silver Trend and Copper Tips for Today

Precious metals are trading with no fix direction in domestic market. MCX gold has been trading within a range of 100-115 points since morning. Silver though witnessed a gain of nearly 0.30% to trade above 53350 but instability to remain above the same preventing silver from rally. For near term, if Silver remains above 53500 with considerable volume, we can expect this metal to further go up to 53900-54500 levels.In Gold, day traders cab buy at 29800 with a Stop loss of 29730 and Target 29880.

For intraday buyers, copper can be a profitable pick above 421.50 level above which this base metal can elevate up to 424.00 followed by 426.00.


Post a Comment