Silver Futures
Long
Updated

Bullish — Silver bounce expected toward ₹1,59,000 and ₹1,72,000

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Silver Futures (SILVERZ2025 – 4H Chart) Technical Outlook
Elliott Wave Structure & Current Setup

Silver is currently trading in Wave 4, and the corrective phase appears to be complete.

Silver has completed its Wave 4 correction and has started a new impulsive leg (Wave 5).
A breakout above ₹1,50,000 has confirmed bullish momentum, supported by RSI and MACD signals.

📈 Upside Targets:

₹1,59,000 – first resistance / 6% upside

₹1,72,000 – extended target / 13.5% upside

⚙️ Supports:

₹1,49,000 – near breakout retest zone

₹1,44,000 – wave 4 base, invalidation below this level
Trade active
silver 4000 points up from suggested level.

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