MCX SILVER monthly prediction for dec. 2017
Mcx silver future in month of november closed at 38523 with loss.
for month of december, mcx silver is in downtrend and remain weak below 38900, for downside targets 37600 and then 36550.
but on indicators looking bottomed out for short term so keep buy on dips strategy for month and expect trend reversal targets at 39900 and then 41200.
from long term view, silver prices below 40450 remain weak and heading towards previous low of 35900.