Resistance Breakout expected in SILVER

18 Ağu

ilver Futures (MCX) are approaching a key resistance zone at ₹114,258. Price action shows multiple tests of this level, suggesting strong buying interest and a potential breakout. If this resistance is cleared, bullish momentum may accelerate, offering an attractive long opportunity for traders. Risk management is crucial; consider placing stops below recent support to protect capital. Monitor for confirmation through sustained price action above the resistance and increased volume. This set-up highlights evolving strength in silver and could pave the way for a further move higher. This analysis is for educational purposes and not investment advice.

18 Ağu

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