bullion tips, Commodity MCX / NCDEX tips, FREE Stock, Commodity & Forex tips, Gold & Silver ( Bullion ) tips, mcx tips

Silver Price Analysis: Critical Resistance Level and Potential Upside/Downside Targets

3 18162
Free commodity MCX silver daily chart and trading tips

Free commodity MCX silver daily chart and trading tips

MCX Silver’s Price Outlook: Targets for Uptrend and Downtrend Scenarios

The resistance level at 67160 is a critical level for silver’s trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360, 68760, and even as high as 69300+.

However, it’s important to note that these targets are not guaranteed and depend on the price’s ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.

Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips →

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
Previous ArticleNext Article
Mr.Dev(s) is a team of non-biased certified technical and research analysts with extensive experience in the financial markets dating back to 1997. They accurately forecast market movements and position their clients accordingly. They are popular online contributors on many channels and platforms, known for their non-biased advice and commitment to helping investors make informed decisions. The team is also the founder of forex account management services on Moneymunch.com, demonstrating their knowledge and experience in the financial world. Investors can rely on Mr.Dev(s) for research reports and opinions, as well as trading guidance.

Join Today (Free): Commodity Tips | Forex Signals

3 Comments

  2. I appreciate the exceptional quality of the commodity trading plan included in your subscription service. The valuable insights and real-time market analysis have greatly assisted me in making informed trading decisions. The level of detail provided in the analysis is impressive and has undoubtedly helped me improve my commodity trading strategies. I would highly recommend your service to anyone looking to enhance their understanding of commodity markets and improve their trading results.

    Reply ↩

  3. Excellent analysis! Your attention to detail and ability to identify market trends is impressive.

    Reply ↩

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend