Mcx silver outlook for 23 November 2016 Mcx silver future closed at 40719. Mcx silver is seeing strong supply on higher levels. price trend is down and prices are oversold but outlook still bearish. Below 40400 expect deep downside up to 39500 to 38300 in short to medium terms. Expect reversal above 41500 to 41800 if cross that level on daily closing basis.