MCX Silver Complex Big Picture
In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices to . Don’t forget to keep your eyes peeled at 5 MA (orange).
Currently silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of . It could keep pushing upward until a crossover of 5 MA and 20 MA (blue). Further information I will update shortly.
I would like to keep your attention on the previous week’s major updates:
Copper Warning – This is Not a Selling Opportunity
I had written, “We may see at all-time high soon…”.
I had written, “Based on the current trend:
Uptrend targets: 165 – 170+…”.