Long MCX SILVERSILVER was trading under the Resistance trendline since mid May (shown in black in chart), but today it gave a breakthrough opening in the morning on MCX.
If it closes above 63800, then we can make a long position in current contract for a major profit.
LOGN SILVER @ 64800.
Silver has a major resistance at ₹ 65800, if it gives a closing above this level, then we can expect an upper movement of 5000-6000 in silver.
SILVER1! trade ideas
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.
Thanks
silver mini nov2021as you can see silver mini is not down. and make head and shoulder pattern now its rang bound if silver brak out its going up as you can see on the chart. there is more chance to going upside, so you can wait for the cross-resistance and if you want to enter in the market so 2 candles above you can buy it with volume this is so important this 2 thing when you can enter and easily earn money ....