SILVERHello & 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 stro
Silver (XAGUSD) Trading in a rising wedge Pattern📌 Silver (XAGUSD)
Trading in a rising wedge, pressing resistance near $39.
RSI divergence → price making higher highs, momentum not following.
MACD rolling over while price climbs = possible bearish divergence.
Support to watch: $37.3 → wedge breakdown if breached.
👉 Bullish only if $39.5 breaks
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.