Here’s my latest view on MCX Silver📃
🎯 Silver recently broke out and has given a great move for the bulls above ₹1,00,000, giving almost a 9,000 points rally, confirming a strong bullish structure for the time being.
🎯 After hitting a local top range around ₹1,08,000 to ₹1,09,500 range, price is now pulling back toward a key liquidity zone (~₹98,000 to ₹99,000).
🎯 This demand zone also aligns with a high-volume zone — giving a strong indication that buyers may look to accumulate here.
🎯 RSI is cooling off into neutral territory, allowing for more upside potential.
Plan:
If Silver retraces into the ₹98,000-99,000 zone and holds, I’ll look for long setups targeting a move toward ₹1,20,000 in the coming months.
💡Always wait for bullish confirmation near the demand zone before entering.
🎯 Silver recently broke out and has given a great move for the bulls above ₹1,00,000, giving almost a 9,000 points rally, confirming a strong bullish structure for the time being.
🎯 After hitting a local top range around ₹1,08,000 to ₹1,09,500 range, price is now pulling back toward a key liquidity zone (~₹98,000 to ₹99,000).
🎯 This demand zone also aligns with a high-volume zone — giving a strong indication that buyers may look to accumulate here.
🎯 RSI is cooling off into neutral territory, allowing for more upside potential.
Plan:
If Silver retraces into the ₹98,000-99,000 zone and holds, I’ll look for long setups targeting a move toward ₹1,20,000 in the coming months.
💡Always wait for bullish confirmation near the demand zone before entering.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.