Mcx silver bottoming out?? Tgt 43200

Mcx silver technical analysis for 16 November 2016

Mcx silver technical analysis for 16 November 2016

Mcx silver closed at 41375. Mcx silver price trend and momentum both are down and silver almost hit sell swing target of 40400.

taken support above it and bouncing back. For intraday mcx silver outlook remain bullish and strategy remain buy at supports. Mcx silver support zones are 40900 and 40400. On upside 42000 and 42650 are resistances.

If silver sustain here then swing traders above 40400 expect medium term target at 43200+.

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