MTECHTIPS;-Silver Slides Half A Percent As Copper Tests Near Two

MTECHTIPS;-Silver Slides Half A Percent As Copper Tests Near Two Month Low

MTECHTIPS-Silver futures slipped today following weak cues from the base metals and a tepid undertone in Gold prices. COMEX Copper fell to its lowest in nearly two months amid sustained correction and took Silver futures lower. COMEX Silver is currently trading down half a percent at $16.29 per ounce. MCX Silver futures are also down 0.15% at Rs 38117 per kg. Large speculators trimmed their net positions in the Silver futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 58,782 contracts in the data reported through Tuesday November 28th. This was a weekly drop of -8,859 contracts from the previous week. The speculative bullish positions fell for a second week

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