Copper Rally May Pause, Silver Targets $65-$95: Motilal Oswal

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CNBC TV18•12-02-2026, 15:46
Copper Rally May Pause, Silver Targets $65-$95: Motilal Oswal
- •Motilal Oswal's Navneet Damani predicts a pause or correction in copper prices as supply improves.
- •Copper's recent surge was due to supply disruptions from major mining regions.
- •Damani states the world is not short of copper; prices could correct as supply normalizes post-June 2026.
- •Silver's recent price spikes were momentum-driven, not fundamental, with a projected range of $65-$95 per ounce.
- •Dollar index weakening could temporarily support commodities, but sustained rallies need stronger demand fundamentals.
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