Volume accumulation is confirming a downtrend. Here, the price is in a downtrend. But if you look for the short-term, silver price has started rising nearby the retracement value of 0.382. We may see a bullish reversal from the 0.236 value for 0.382 to 0.5.
MCX silver futures prices may hike to the levels of 66000 - 66600 - 67000 - 68000.
Overall, a clear trend will identify after moving averages crossover.
MCX silver futures prices may hike to the levels of 66000 - 66600 - 67000 - 68000.
Overall, a clear trend will identify after moving averages crossover.
Trade closed: target reached
