Silver Update || Apr 5 || MCX

MCX:SILVER1!   Silver Futures

TimeFrame: 1 Day

Price Levels: Silver is currently trading above the crucial psychological level of 79000, indicating strong investor interest and bullish sentiment in the market.

Current Price: 79650
Target: 80300- 80400

All-Time Highs: The ongoing price action has resulted in the establishment of consecutive all-time highs, suggesting an uptrend with considerable momentum.

Trend Line Analysis: Within the 1-day timeframe, a discernible trend line can be observed, consistently connecting the successive highs. This trend line serves as a visual representation of the prevailing bullish momentum in the market.

Bullish Momentum: The consistent upward movement in silver prices, coupled with the formation of all-time highs and the supportive trend line, underscores the prevailing bullish sentiment and momentum in the market.


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