mcx tips

Time to pick up Silver

As per this chart, silver has created a tail under the control price line. Under the control price line, we can expect the following targets: 44360 – 44000 – 43500 levels below.

And above the control price line, targets are 45000 – 45500+.

It’s just a short-term outlook of silver. If you watch out the below chart, the current trend of silver will come out. But for the intraday traders only.

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Only for the advanced traders:
Hurdle: 44580
Upward: 44800 – 44860 – 44900+ levels
Downward: 44500 – 44400 levels

Gold is still performing as per our technical analysis. We recommend reading the last report of Gold for this week: These Charts Will Confirm MCX Gold & Silver Next Move

In the above link, we have updated two silver targets after an upper breakout. Those targets have achieved successfully. Approximately 1500 points profit/lot.

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Silver at Resistance: The Upcoming Move

Key: $18.180
A breakout of $18.180 levels will hike the MCX silver prices. Silver futures (CFD) can jump up to $18.240 – $18.310 – $18.400+.

Note: the closing price below $18 (into an hour candle) will end the uptrend for the short-term. Next? What will happen? We’ll update it soon for the premium subscribers.