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 for investors.
Investment Advice:
Given the favorable market...
#Silver has given multi week consolidation breakout on MCX, there is high probability of it going toward that much awaited 6 digits mark very soon. The breakout also looks very health as it has consolidated well enough for quite some time near ATH resistance.
RSI has also broken out of a particular triangle pattern and indicating a RSI range shift, which...
TimeFrame: 1 Day
Price Levels: Silver is currently trading above the crucial psychological level of 79000, indicating strong investor interest and bullish sentiment in the market.
Current Price: 79650
Target: 80300- 80400
All-Time Highs: The ongoing price action has resulted in the establishment of consecutive all-time highs, suggesting an uptrend with...
Silver is breaking out of the Bullish flag. Go with trend
Buy Silver here 75350 sl 74900 tgt 75900, 76400
Put Stoploss will on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your...
Silver has been in wide sideways range since past 3 year. Any retracement from here towards the horizontal zone lines could be final retracement before taking out the upper edge of the rectangle and give clear breakout. Next 2 year may be good be bulls.
just like gold silver gap up on 20th march the price is fading its buying momentum and with that bias im looking for sell on rise setup
which i think 75300 could be the short entry and sl will be 75500 with the target of 74300 and second target of 73600
conclusion the target area are possible area to boost the buying liquidity again there will be exiting the trade
Silver after a long consolidation is going to break this and going upward with a bang.
Buy silver above 72000 with stop loss 70500 tgt 1 : 75000, tgt 2 : 78000 and still moving further higher.
