Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly,...
According to the date range on MCX Silver daily chart, it's changing the trend after every 46 bars. If silver does not crossover 88.60% of fib retracement before completing 46 bars, we may expect a downtrend ahead. It can collapse up to 61000 to 55765 . Here, targets for intraday traders: 67500 - 65600 - 63660 . Or if it breaks the 88.60% , then silver...
Silver is growing slowly. According to this chart, silver is trying to move upside from the strong support trendline. It's a potential reversal point based on a support trendline. Currently, it has broken a strong support trendline. We have chances to see a tail , fakeout , or excess here. That can be up to a hurdle. And the hurdle breakout is a direct sign...
Silver Decisive Breakout! This chart doesn't require any description. Targets, stop loss, and entry-level already described on the chart. If you have any queries or concerns then ask me in the comment section.