aniketagarwal190

SILVER Possible CUP & HANDLE Projection

Long
MCX:SILVERM1!   Silver Mini Futures
Metals are bullish overall with rise in demand and consumption in local markets. With PM's announcement of over 1 CR Panel installations, consumption is set to increase in industrial markets as well.

While all that is fundamental, the possibility of a cup and handle formation has widened after double top formation and support coming around 92500.

This should play out in a week or so. The targets are big.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.