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Silver

MCX Silver opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Silver crosses and sustains above 72000 level it would witness buying which would push the price towards 72800-73500 levels. Important support for the day is around 71200.

BUY SILVER ABOVE 72000 SL BELOW 71500 TGT 72800/73500

Copper

MCX Copper opened with an upward gap and remained in positive terrain throughout the day. The daily strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Copper continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy.

BUY COPPER ABOVE 726.50 SL BELOW 723 TGT 731/734

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