MCX Silver and Copper Tips Trend Today 17 May 12

Posted by Naresh Tomar on Thursday, May 17, 2012


MCX Silver Trend :-  Gold and Silver has been recovered Strongly today. MCX Gold is trading with more than 0.5% gain and Silver has been very rapid. Domestic Market Silver is trading above 1% including International Market. Currently MCX Silver is trading at Rs 52 400 with 1.5 % strongly while Gold has risen Around 1 from Rs 28 180. 

Silver Tips Today :-  Silver has appreciated by 1.5% in Intraday trading and it touched level of 52 710 per kg. International Market rapid effect is showing on Domestic Market. Silver got supported by weakness in Rs. Although Silver is expected to decline again because of Greece crisis. Base metal fluctuation effect may appear on Silver.

Silver July Futures Buy - 51 900, Stoploss - 51 500, Target – 52800.

Copper Trend :- Copper is witnessing due to demand increasingly in Spot Market. International Market Copper price has also climbed. London Metal Exchange (LME) Copper price has risen to 7708 $ per ton. Federal Reserve may take crucial steps to America's growth. Copper has been strong to these reports. Now MCX Copper is trading at Rs 421.50 with 0.5% gained. MCX crude oil with about 0.5% fast is trading at Rs 5,070.

MCX Copper Tips :- Copper June Futures Sell - 427, Stoploss - 430, Target – 418.

MCX Tips for Today

Here we daily post MCX Tips for Today for Bullion Commodity Gold Silver, Energy Crude Oil and Natural Gas and Base Metals - Copper, Zinc, Aluminum, Lead and Nickel Tips trend and trading levels for today.
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