Silvercharts
SILVER VIEW (PATTERN OBSERVED )Silver formed inverted head and shoulders pattern . if we break above 25$ then we will be heading for $28 in short term . if we break below $24 then we will be facing heavy selloff to 20$ in short term .position size should be taken care off .
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Silver Daily Gann Chart Pointing HigherCurrently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1.
If that happens, then you can buy for the targets of 63900 - 65100 - 65960 - 68454.
What happens if it's fake-out? That's a straightforward scenario on the above chart. MCX silver futures will come under the control of sellers in the downtrend area. It will fall nonstop for the targets of 59960 - 59400 - 58600 - 55765.
Silver MCX looks promisingSilver MCX looks promising at this level
After several attempt to break trend-line it is
once again at the level, RSI crossing 50 levels
If breakout occurs and stays above the Resistance we may see level around 63100-64800.
However if failed, reversal happens from this level! then nearest
support will be around 59950-58890.
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SILVER FALLING WEDGE PATTERNHello
Welcome to this analysis about SILVER , we are looking at daily timeframe perspectives. SILVER in recent times heavily decreased with bearishness however it now moved into an oversold condition. SILVER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SILVER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how SILVER has emerged with this key SILVER SYMMETRICAL & FALLING WEDGE PATTERN marked in my chart with the black boundaries. SILVER is near support region which is an important support and also psychological support-mark together with the lower-boundary of the SILVER SYMMETRICAL & FALLING WEDGE PATTERN a pullback
In this manner, thank you for watching my update-analysis about SILVER and its major SILVER SYMMETRICAL & FALLING WEDGE PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
SILVER VIEW Silver right now in consolidation phase and at strong support zone important levels r marked on the chart . Right now we can buy for $29 and $32 in short term if price remain above 200 day EMA (Can be use as SL) .
Expecting Pull back from the current level as we have already seen demand in past at current level .






















