Commodity Updates: Silver, Crude, Copper and Zinc Updates

MCX Gold Silver prices have to see a decline today. Both the commodities are trading more than half percent currently. The growing uncertainty of Q3 in US market has pushed the prices in back foot.
Despite weakness in rupee against Dollar, crude prices have have seen 1% upside. MCX crude futures is trading at around 5360 level. MCX crude trend is positive and traders can buy crude oil on lower levels.
In base metals, all commodities are trading negative in MCX. Copper is near to breach 424 level which if happens, can lead copper to come down to 422-420 level. 420 is acting as stiff support for Copper Metal.


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