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Outlook & trading strategies for Copper, Silver by Tradebulls Securities

Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200

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Bhavik Patel Mumbai
The Indian rupee mirrored positive sentiment from equity market and gained for the fourth straight day on Thursday, its longest winning streak in two months. Last week was the best weekly performance from the Rupee since December 2018. 77.50 was the resistance that Rupee failed to scale and has now retraced back to 75.50 levels. A 50 per cent retracement from the recent move from the lows of 72 to high of 77.50 comes at 74.80, so we expect the Rupee to test those levels. The range of 74.50-74.20 has a good amount of support. The pullback has been sharp