Copper Rally May Pause, Silver Targets $65-$95: Motilal Oswal
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CNBC TV1812-02-2026, 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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