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Slivermcx

Silver may shine above mid channel ResistanceSilver futures tried to jump unsuccessfully above the Mid channel line resistance but has been unsuccessful so far. Closing above 74324 will unleash a new bull run in Silver which might have resistances at 76341 and 78000+. The two resistances can also be considered next targets in case of closing over 74324. In case the mid channel line proves to be potent resistance the supports for Silver future are at 72850 and 72490 (Major Support). If 72490 is broken by any chance next supports are at 70174 and 68017.
MCX:SILVER1!Long
by Happy_Candles_Investment
Silver near major support ZoneSilver ending below 50 days EMA of 56557 is not a very good news for Silver enthusiasts. Final support for Silver might be near 55375. Below 55375 Silver may fall to 54202 or as low as 51899. Way up silver is looking little difficult as there are many resistances on the way up starting from 56557. Other resistance on the way up can be 58177 and 59580. If silver does not take support at 55375 and bounce back it slide in silver can be sleek and super fast.
MCX:SILVER1!Short
by Happy_Candles_Investment

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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