How High Will MCX Silver Go?
By following the symmetrical triangle (ST), we can say that if candles will consecutively crossover the upper line, the silver will hit the following targets: 72460 - 75360 - 77800 - 80000+
According to the ST, the final targets are 86700 to 88000 levels.
But if you look at the volume and S RSI indicators, it is planning for a downtrend. And at present, silver is very close to the control price line. Hence, a downtrend may start from this point. A breakdown of control price can initiate a new fall for 70000 - 55785 - 50570 levels.
Keep eyes open while it breaks ST upside or downside. It's a key for the smart traders.
If you have any questions regarding this article, you can ask without hesitation through the below comment box.
According to the ST, the final targets are 86700 to 88000 levels.
But if you look at the volume and S RSI indicators, it is planning for a downtrend. And at present, silver is very close to the control price line. Hence, a downtrend may start from this point. A breakdown of control price can initiate a new fall for 70000 - 55785 - 50570 levels.
Keep eyes open while it breaks ST upside or downside. It's a key for the smart traders.
If you have any questions regarding this article, you can ask without hesitation through the below comment box.
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