Silver - Correction Time?A 1:1 movement (on Daily) has completed with a rising wedge in the end.
Expecting a 1.5-2k point pull back to start with.
A very good RR trade. :)
Contract highlights
#Silver Weekly Update 🌟 18 - 24 April
Timeframe: 4-hour ⏰
A simple story unfolds as silver crafts a triangle pattern. Keep your eyes peeled for an exciting breakthrough above 84000, hinting at potential fireworks ahead! 🚀
More than 2600 points ahead.
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Silver MCX Future Weekly Technical Chart Analysis 22-26 April
📊 Silver MCX Future Technical Chart Analysis
📅 29 May Future
🎯 Range Point: 83507
🎯 Weekly Range: 1586
📉 Buy Above: 83716
📉 Average At: 83529
🎯 Buy Target 1: 84487
🎯 Buy Target 2: 85093
🛑 Buyer Stoploss: 83187
📉 Sale Below: 83342
🎯 Sale Target 1: 82527
🎯 Sale Target 2: 81921
🛑 Seller Stoploss: 8
Silver Short As seen on chart, a Harmonic pattern can be recognized. So, assuming a reversal can take place from the given price level, A small risk trade can be taken with a tight SL. Targets are marked on chart.
Silver MCX Future Weekly Technical Chart Analysis for 15-19 ApriSilver MCX 29 May Future Technical Chart Analysis
📊 Range Point: 82813
📈 Weekly Range: 5398
🎯 Buy Above: 84064
🎯 Average At: 83427
🎯 Buy Target 1: 86149
🎯 Buy Target 2: 88211
🛑 Buyer Stoploss: 82265
📉 Sale Below: 82790
🎯 Sale Target 1: 79477
🎯 Sale Target 2: 77415
🛑 Seller Stoploss: 84589
Don't
Can we expect Silver Micro to 86950?Looks like Silver Micro is moving towards 86950, lets see if that happens
Silver Shines Bright: Riding High Towards ₹1 Lakh Amidst Strong Technical Indicators and Outlook:
Technical indicators suggest a strong momentum for silver, backed by positive Chinese service PMI data and a closely correlated movement with gold prices. The gold-silver ratio also offers insights into future price movements, making silver an attractive option fo
Silver Update || Apr 23 - MCX📉 #Silver finds support at 79400, but watch out!
🔸If it dips below 79250, brace for a potential plunge of 300-900 points.
📈 Bullish zone at 80700.
🕓Timeframe: 1 Hour
Good above 80700
Target1: 82000
Target2: 83100
Bearish below 79250
Target1:78900
Target2: 78400
Silver - 2nd Opportunity to Short: C wave.Silver had a strong run up till 86k, after which profit booking was seen which brought it down till 83k.
Now, pull back of the first wave of profit booking seems complete, which gives another opportunity to take a short trade.
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Frequently Asked Questions
The nearest expiration date for Silver Futures (Jun 2016) is Jun 28, 2016.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Silver Futures (Jun 2016) before Jun 28, 2016.