Buy Silver Around 57000 SL Below 56500 TGT 57500/58000 - Axis Securities
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Copper
Copper prices closed higher in last trading session. Prices settled around 662 and it was up by more than 1 percent. On daily chart momentum indicator RSI is above its reference line which is a positive sign for prices. On daily chart it has formed a long bullish candle and has closed above its previous session high which is a positive sign. On daily char it has trading in a higher top and higher low formation which is a positive sign.Traders can buy Copper on dips around 660 for the target of 663 on intraday basis.
BUY COPPER AROUND 660 SL BELOW 657 TGT 663/667
SILVER
Silver prices rallied higher in last session after it edged above 20 day EMA. Prices closed around 57490 with a gains of more than 2000 points. On dail chart momentum indicator RSI is above its reference line which indicate that momentum is strong for prices. Moreover on daily chart it is trading above 20 and 60 day EMA which is a positive sign. Traders can buy Silver on dips arond 57000 level for the target of 57500 on intraday basis
BUY SILVER AROUND 57000 SL BEOW 56500 TGT 57500/58000
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