SILVER

Sep 2

Hello & welcome to this analysis

Silver in daily time frame appears to be in its 5th wave.

The larger impulse could end anywhere between $43.50 - 45 / INR 125000 - 129000. From there I expect it to retrace to $38 /INR 116000

MCX Silver will depend largely on $:INR movement.

Silver remains a strong commodity for medium to long term and all dips should be used to add.

All the best

Sep 12

Trade active

Comex SILVER entering the resistance zone, while MCX Silver already at it 129000 mainly due to INR weakness against $

Sep 24

Trade closed: target reached

Silver COMEX appears to have completed its impulse 5 waves up at expected level. Silver MCX has done a lot more due to a weaker INR.
I am expecting a pullback to resume from current level over the next few weeks/months till $ 38-40 / INR 110000 - 115000