Sell Silver Around 65500 SL Above 65800 TGT 65200/64900 - Axis Securities
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Silver
Silver prices closed on a flat note in lass trading session around 65160 level. Overall trend in negative for prices as it is trading below 60 days EMA and RSI is also below 60 level which indicate that mometum in flat. We expect Silver prices to remain under pressure as long it is trading below 65500 level that level can be used as an sellling opportunity for the target of 65200 on intraday basis.
SELL SILVER AROUND 65500 SL ABOVE 65800 TGT 65200/64900
Copper
Copper prices edged lower in last trading session after it broke the strong support zone of 760 and drifted lower towards 745 level on intraday basis. Short term trend has turned bearish for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level which indicate that momemtum in weak. Any rallies towards 755 may be used as an selling opportunity for the target of 752.
SELL COPPER AROUND 755 SL ABOVE 758 TGT 752/749
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