Silver Mini Futures
Short
Updated

Can $MCX:SILVERM2! Test 72000 Level before End of this Year ?

432
Dear Followers

I have identified a potentially lucrative opportunity in the SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines.

📊 Key Factors:

Recent Overbought Conditions: Silver has seen a notable surge in recent weeks, leading to overbought conditions. Historical patterns indicate that such spikes are often followed by corrective pullbacks.

Technical Signals: technical analysis indicates the possibility of a trend reversal Near 77900-78100 Level , with key resistance levels showing signs of holding.

Strategy:
Sell SILVERM2! Near 78000 Level Stop Loss 79200, Target 75000, 73000, 72000
Time Frame 30-45 Days
Investment required= 48000
Maximum Loss = 6000
Profit Upto = 30000

Best Regards,
Ajay Metha
Trade active
Tested 76500
Note
76100
Note
Made Low 73850
Trade closed: target reached
Target Done

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