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.

Commodity Gold Silver Updates

Commodity Gold Prices are likely to recover after day's sharp decline. On the upside 27850 would trigger a upward momentum in gold prices which may further take prices to 28000-28300 level. International Comex gold is trading on lower levels and hovering around $1740-50. Trading below 27600 may invite another downfall in Gold till 27400-27350.

Other precious metal Silver commodity can be sold below 62150 given that 62750 is not breached on upside.

Intraday Bullion Tips- Gold Silver Updates

In Gold the nearest resistance is seen near 22690 above which one can go for a buy to target levels like 22720-22750. Even if Gold Slips till 22650-600 one can buy at same levels. A trade below 22590 may drag Gold to 22550-22500.

MCX Silver July Futures , one can buy above 54350-400 for the targets of 54500-54800 keeping a stoploss below 54100

MCX Silver Updates Today and Trading Recommendations

Silver Today Showed a good recovery today and silver is trading above 2% of its previous level. Silver June might catch the rally above 72300 and go upto 72800-73200. But below 70600 It might fall down to 69500-68000.

Intraday Tips for Today In Silver- MCX silver (June Futures): Buy - 71500, Stoploss - 70700 and the target - 73600