MCX Copper and Silver Updates for today

Silver Updates: Gold and silver commodities are moving in different directions today. Gold made a positive opening while on the other hand silver started the day with red mark. However the movement is sluggish but experts say that silver may remain volatile withing the range of 53000-53550. Rally in mcx silver is expected only above 53500 level. The most suitable strategy to trade in silver today is buy on dips. So traders can take their positions accordingly.

Copper Updates: In Base Metals, Copper may trade higher today above 417 but inability to sustain above 416 can fortify the negativeness and we can see levels like 414.00-412 in Copper today. Traders are required to trade copper above 418. Major upside is seen above 424 level only.

MCX Intrdaay Tips- Silver Updates

The intra-day trend for MCX Silver is likely to be bullish as it has break the crucial 55200 level and Now silver is heading towards 56000 level.

If Silver consistently trades above 55200, it is more likely to touch 56000-56300 levels soon. But If it fails to stay above 55200, some downfall might encounter on its way.

It is advisable to trade above 55500 for the targets of 55800-56000 Stop-loss- below 55200.