Silver future analysis for 25 to 29 march 2019.

Silver future daily chart analysis

Silver future on Friday closed at 38362 with gain. On daily chart Silver future price trend and momentum both are strong bearish. In this week silver future was up for 3 day and down for 2 days with recovery move. Mcx silver future given breakdown around 39850 and hit my bearish swing targets of 38700 and then 37900 rupees. Below 38k, silver future will enter super bearish trend and will show levels of 36900 to 36200 rupees. But taken support around 37900 and hit 38500 recovery target and now next recovery level will be around 39700.

Silver future weekly chart analysis

Silver future on weekly chart showing first big weekly gain. This week we saw almost 800 rupee range and positive closing on recovery buying.

From long term view, mcx silver future below 38750 support zone will remain sell and accumulate and expect targets of 35800 and then possibly 33k in this year. We saw upside up to 41k this year but silver prices failed to sustain and then we saw breakdown and prices are heading lower. Investors below 35800 follow buy and accumulate investment strategy for targets 42k to 45k in longer terms.

https://www.youtube.com/watch?v=dV9pBArMqQM

For genuine Silver future tips with support and follow ups, subscribe to our MCX advisory services.

Read more →

MCX SILVER weekly-almost hit 39700 buy TGT, next TGT level to watch @41100

MCX SILVER weekly analysis for 7 to 11 january 2019

• silver future on last trading session closed at 39173 with loss.

• silver future as expected above 37700 support set on rally and almost hit january bullish swing target of 39700 with high of 39670 !!

• mcx silver now correcion and consolidating.

• on downside 38500 and 38000 are strong support zones as buying levels on reversal move.

• mcx silver future next bullish target will be around 41100 and above 37700 use major dips to buy and accumulate with stop loss.

if you want 100% geniune MCX Commodity tips on whatsapp with follow up and live support then subscribe to our MCX advisory services.

Read more →

Silver future technical analysis for the month of January and also long term investment forecast for year 2019.

Silver future daily chart technical analysis

Silver future on Friday closed at 38706 with gain. On daily chart Silver future price trend and momentum both are now bullish. We saw reversal from 37200 and silver future taken support just above 37000 and now trending higher.

Silver future on chart trading above major short term averages and bullish signals on indicators.

For month of January, Silver future above 37700 will remain buy on dips and on upside my technical target zones will be around 39900 and then 41000. If silver future slips below 37700 and sustain then expect bearish targets of 36500 ad hen 34400 rupees.

Silver future weekly chart technical analysis

Silver future on weekly chart showing big gain for this week. This was the first gaining week for silver prices after last week’s profit booking. This week we saw silver rallied from lows of 37300 to high of 38800+.

From medium to long term view, Silver future above 38400 remain buy and accumulate and on upside my current year’s investment targets are 41300 and then 44600. Silver future weekly chart price trend and indicators are bullish. If slips below 38400 and sustain then exit from longs and expect lower levels of 35100 and then 32500. If silver prices comes around these levels, long term investors must follow buy with long term view strategy.

Silver future monthly chart technical analysis

Silver future on monthly chart showing huge gains for December. This was the first big gaining month for silver prices after last 2 months continues fall. O chart look like silver prices made bottom around 35500 and now back towards 6 months highs of 39500 level. Above this expect big breakout move and higher highs.

For genuine Silver future tips with support and follow ups, subscribe to our Commodity advisory services.

Read more →

Silver future technical analysis for 24 to 28 December 2018.

Silver future daily chart technical analysis

Silver future on Friday closed at 37256 with loss. On daily chart Silver future price trend is bullish but momentum is fizzing due to stronger rupee and also profit booking. Silver future hit 38200 target but failed to sustain above it and now correcting towards major trend support of 36900 rupees. Below 36900 expect bearish trend and much lower levels. Daily chart indicators and oscillators are bearish and with sell signal. If gives reversal from 36900 then expect 38200 and above level once again.

Silver future weekly chart technical analysis

Silver future on weekly chart showing first weekly loss. after last 2 weeks rally this week we saw profit booking in silver future and also correction due to stronger rupee.

On weekly chart silver future once again failed to cross major long term averages and which resulted in sell off. Here 38400 level will remain major hurdle on weekly chart and on downside 36000 and 34700 are long term support zones as well as target zone in current scenario.

For genuine Silver future tips with support and follow ups, subscribe to our MCX advisory services.

Read more →

Silver future technical analysis for 17 to 21s December 2018.

Silver future daily chart technical analysis

Silver future on Friday closed at 38015 with loss. On daily chart Silver future price trend and momentum both are now strong bullish. We saw breakout above 36900 and then silver achieved my given first swing target of 38200. Now next level as well as resistance zone is around 40200 for this month and that will be next target level for silver future.

Silver future given smart recovery from lows on value buying as well as sharp short covering which might continue ahead. If silver goes above 40200 then expect sharp short covering rallies and targets up to 41500 to 43500.

Silver future weekly chart technical analysis

Silver future on weekly chart showing second weekly gains. In last 2 weeks silver prices rallied from lows of 35500 to high of 38600 means 3100 rupees strong recovery on value buying from investors.

From medium to long term view, silver future in now approaching long term resistance level of 39400 rupee and above it expect long term uptrend and bullish long term targets of 43300 and then possibly 48100.

For genuine Silver future tips with support and follow ups, subscribe to our MCX advisory services.

Read more →

Silver future technical analysis for 10 to 14 December 2018.

Silver future daily chart technical analysis

Silver future on Friday closed at 37972 with huge gains. On daily chart Silver future price trend and momentum both are now turned bullish. We saw breakdown below 38550 and then free fall up to almost 35500.

Silver future on chart trading above all major averages and given smart recovery from lows on value buying as well as sharp short covering which might continue ahead.

For month of December, Silver future above 36900 will remain buy on dips and on upside 38200 and then 40200 were target zones out of which 38200 is almost done this week with high around 38000. Now watch for breakout above 38200 and then expect target of 40200.

Silver future weekly chart technical analysis

Silver future on weekly chart showing big gains for this week. This was the first big gaining week for silver prices after last 2 week’s panic sell off. On weekly chart, Silver future is now approaching major long term averages and might give breakout above them. Indicators and oscillators are with buy signals in oversold zones so investors must follow buy and accumulate strategy with long term view and for big targets.

From medium to long term view, Silver future below 39500 remain sell and accumulate and on downside targets were 35000 and then 31000. Silver future recorded low of 35500 and given smart recovery. Now watch 39500 level for long term bullish breakout and investment targets of 43000 to 48000+.

For genuine Silver future tips with support and follow ups, subscribe to our Silver advisory services.

Read more →

Silver future technical analysis for December 2018

Silver future daily chart technical analysis

Silver future on Friday closed at 36025 with gain. On daily chart Silver future price trend and momentum both are bearish. We saw breakdown below 38550 and then free fall up to almost 35600.

Silver future on chart trading below major averages and trading at record lows. Silver daily chart indicators are off the lows but still in bearish territory.

For month of December, Silver future below 36900 will remain sell on rise and on downside technical target zones will be around 35000 and then 33500. If gives reversal and breakout above 36900 then expect sharp surge in prices up to 38200 to 40200. Traders with short positions must trail stop loss around 36700 and expect target of 35000 then possibly 33500.

Silver future weekly chart technical analysis

Silver future on weekly chart showing loss for this week. This was the second losing week for silver prices and silver is trading at record lows. On weekly chart, Silver future is trading now below all major weekly averages suggesting very bearish trend and momentum from medium to long term view. On chart look like Silver topped out around 39500 and recorded fresh low near 35500 in this week.

From medium to long term view, Silver future below 39500 remain sell and accumulate and on downside targets were 35000 and then 31000. Silver future recorded low of 35500. Investors can expect downside level of 35000 to 31500 ahead but use them as buying for long term investments.

Silver future monthly chart technical analysis

Silver future on monthly chart showing loss for November. This was the second losing month for silver prices and in these 2 months silver prices tumbled from top of 39500 to low of 35500 means almost 4000 rupee drop in last 2 months. And in December, downtrend might continue due to stronger rupee and rising equity markets. On downside 35000 and 31500 are historical support levels and target zones for this downside move.

For genuine Silver future tips with support and follow ups, subscribe to our MCX advisory services.

Read more →

Silver weekly: hit 37650-37100-36200 sell TGTs next support 35600

Silver future technical analysis for 19 to 23 November 2018.

Silver future daily chart technical analysis

Silver future on Friday closed at 36854 with gain. On daily chart Silver future price trend and momentum both are bearish. We saw breakdown below 38550 and then free fall up to almost 36000.

Silver future on chart came above 5 days average after sharp fall up to 36000 and now inching towards 50 and 100 days averages of 38000 and 38350.

Silver daily chart stochastics is oversold & now bullish crossover suggesting bounce back ally. Silver daily chart MACD is below zero with bearish divergence but formed temporary bottom suggesting bounce back move.

For month of November, Silver future below 38550 will remain sell on rise and on downside technical target zones will be around 37650 and then 37100 and both are done. Below 37100, next super bearish target zones were 36200 and then 35600, out of which 36200 was done in this week. Silver future hit 36200 target and now taken support around those levels and bouncing back. If slips below 36200 then expect next major support as well as bearish target around 35600. On upside 37100 to 37650 will remain strong supply zone.

Silver future weekly chart technical analysis

Silver future on weekly chart showing gain for this week. This was the first gaining week for gold prices after last 5 weeks continues sell off. In this week Silver future corrected from 36000 lows.

On weekly chart, Silver future is trading now below all major weekly averages suggesting very bearish trend and momentum from medium to long term view. On chart look like Silver topped out around 39500 and then given breakdown and hit record low of 36000 in this week.

From medium to long term view, Silver future below 39500 remain sell and accumulate and on downside targets were 35000 and then 31000. Silver future recorded low of 36000 and still looking weak but these level will be best buy zones for very long term investors so follow buy and accumulate view around those levels from pure investment point of view.

Silver future Weekly chart stochastics is came down from overbought zone with sell signal suggesting sell on rise trading strategy. Weekly chart MACD is below zero with bearish divergences.

For genuine Silver future tips with support and follow ups, subscribe to our Silver advisory services.

Read more →