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Commodity Market Today (17th March 2026)

March 17, 2026
Commodity Market Today (17th March 2026)

Silver Prediction Today 

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On the daily chart, MCX Silver (May) is currently trading with a sideways to mildly bearish bias after failing to sustain above the rising trend line, reinforcing the prevailing bearish market structure. Prices are also holding below the mean of the Bollinger Bands, indicating persistent negative sentiment and underlying weakness in the trend. Additionally, the RSI remains firmly below the 50 level, reflecting continued bearish momentum and suggesting limited upside in the near term. Considering the current technical setup, a sell-on-rise strategy is recommended.

 

Silver Support and Resistance Level

 

SILVER (MAY)
CMP Rs. 158455
Trend: Sideways down
Immediate Support
246800
Strong Support
237300
Immediate Resistance
264700
Strong Resistance
270100

Zinc Prediction Today 

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On the daily chart, MCX Zinc (March) is trading below the rising trend line, reinforcing the prevailing bearish market structure. Prices are also positioned below the mean of the Bollinger Bands, reflecting sustained negative sentiment and underlying weakness in the current trend. Additionally, the RSI remains firmly below the 40 level, indicating persistent bearish momentum. Considering the prevailing technical setup, a sell-on-rise strategy is recommended

Zinc Support and Resistance Level

 

ZINC (MARCH)
CMP Rs. 322.50
Trend: Sideways down
Immediate Support
317
Strong Support
313
Immediate Resistance
326
Strong Resistance
329

Copper Prediction Today 

image.png

 

On the four-hour chart, MCX Copper (March) is currently trading with a sideways to mildly bearish bias after failing to sustain above the rising trend line, reinforcing the prevailing bearish market structure. Prices are also holding below the mean of the Bollinger Bands, indicating persistent negative sentiment and underlying weakness in the current trend.

Additionally, the RSI remains firmly below the 50 level, reflecting continued bearish momentum and suggesting limited upside in the near term. Considering the current technical setup, a sell-on-rise strategy is recommended

Copper Support and Resistance Level

 

COPPER (MARCH)
CMP Rs. 1181.80
Trend: Sideways down
Immediate Support
1174
Strong Support
1166
Immediate Resistance
1190
Strong Resistance
1201

Disclaimer

The information provided in this article is for educational and informational purposes only. Any financial figures, calculations, or projections shared are solely intended to illustrate concepts and should not be construed as investment advice. All scenarios mentioned are hypothetical and are used only for explanatory purposes. Actual market results may vary. Consult a certified financial advisor before making investment decisions.

Frequently Asked Questions

What is the Commodity market?

The commodity market is a platform where raw materials and natural resources such as gold, silver, crude oil, agricultural products, and metals are bought and sold. Traders and investors participate in commodities trading to hedge against price fluctuations, diversify portfolios, or benefit from price movements driven by global demand and supply.

How are gold, silver, and crude oil traded in India?

In India, gold, silver, and crude oil are primarily traded through commodity exchanges using futures contracts. These trades are conducted online through registered brokers, allowing investors to take positions based on price movements. 

What are support and resistance levels in commodity trading?

Support and resistance are key price levels used in technical analysis:

Support level: A price point where demand is strong enough to prevent prices from falling further.

Resistance level: A price point where selling pressure prevents prices from rising higher. Traders use these levels to identify potential entry, exit, and trend reversal points in commodity markets. 

What are the main types of commodities? Commodities are broadly classified into four categories:

Commodities are broadly classified into four categories:

Precious Metals: Gold, silver, platinum

Energy Commodities: Crude oil, natural gas

Base Metals: Copper, aluminum, zinc

Agricultural Commodities: Wheat, cotton, soybean, spices

Each category reacts differently to economic conditions, weather patterns, and global demand.

What is a commodity market outlook?

A commodity market outlook refers to forecasts or expectations about future commodity price trends based on factors like global economic conditions, inflation, geopolitical events, currency movements, demand-supply dynamics, and seasonal patterns. investors can use outlook reports to make informed investment decisions.

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