MCX Silver Updates and Copper Tips for Today

MCX silver has been trading in consolidation phase so far and a medium term downward falling pattern can be sensed in the charts inviting traders to go for fresh short positions. In today's trade, May contract of mcx silver futures made a low of 54710. A reverse trade can be seen above 55200 level which is acting as crucial break through level for upside. However traders can sell silver at current price for the targets of 51800-51500 keeping a strict stop loss of 52150 level.
MCX Copper Tips- Sell MCX copper below 427.50 for the targets of 426.10-425.00.


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