📌 Silver Futures (MCX) – Key Levels & Trend Outlook
Silver Futures (MCX) is currently trading near a crucial support zone of ₹97,000-₹98,000. A strong rebound from this level could push prices towards ₹1,04,000, current resistance seen around ₹1,01,800. However, a decisive break below ₹97,000 may trigger further downside toward ₹95,500-₹94,800.
🔍 Technical Indicators:
📊 200-Day EMA: ₹98,200 – Acting as a strong dynamic support; holding above this level may sustain bullish sentiment.
📈 RSI (Relative Strength Index): Currently near 57 – A move above 60 could confirm bullish momentum.
📉 MACD (Moving Average Convergence Divergence): Recently showed a bullish crossover, indicating possible upward momentum.
📊 Volume Analysis: Rising volumes on up-moves indicate strong buying interest, while lower volumes on dips suggest weak selling pressure.
📌 Key Levels to Watch:
✅ Support Zone: ₹97,000-₹98,000
📍 Upside Targets: ₹1,04,000, ₹1,06,000
🚨 Breakdown Level: ₹97,000
📉 Downside Targets: ₹95,500, ₹94,800
A break above ₹1,01,800 could strengthen bullish momentum, while sustained weakness below ₹94,800 may indicate a deeper correction. Keep an eye on global silver prices, USD movement, and interest rate cues for additional confirmation.
Silver Futures (MCX) is currently trading near a crucial support zone of ₹97,000-₹98,000. A strong rebound from this level could push prices towards ₹1,04,000, current resistance seen around ₹1,01,800. However, a decisive break below ₹97,000 may trigger further downside toward ₹95,500-₹94,800.
🔍 Technical Indicators:
📊 200-Day EMA: ₹98,200 – Acting as a strong dynamic support; holding above this level may sustain bullish sentiment.
📈 RSI (Relative Strength Index): Currently near 57 – A move above 60 could confirm bullish momentum.
📉 MACD (Moving Average Convergence Divergence): Recently showed a bullish crossover, indicating possible upward momentum.
📊 Volume Analysis: Rising volumes on up-moves indicate strong buying interest, while lower volumes on dips suggest weak selling pressure.
📌 Key Levels to Watch:
✅ Support Zone: ₹97,000-₹98,000
📍 Upside Targets: ₹1,04,000, ₹1,06,000
🚨 Breakdown Level: ₹97,000
📉 Downside Targets: ₹95,500, ₹94,800
A break above ₹1,01,800 could strengthen bullish momentum, while sustained weakness below ₹94,800 may indicate a deeper correction. Keep an eye on global silver prices, USD movement, and interest rate cues for additional confirmation.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.