MCX Silver: Healthy Dip Before Next Rally

MCX Silver is in a strong long-term uptrend on the daily chart. The market has already completed wave 1, 2, and a strong wave 3 upward. After this big rise, price is now expected to make a normal correction (wave 4). This pullback can come toward the 236,000 area, which is an important support zone. As long as price stays above this support, the overall trend remains bullish. After wave 4 is completed, Silver is expected to start wave 5, which can push prices to new highs. In short, the trend is up, and any dip is a healthy correction, not weakness.

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Money_Dictators