MCX SILVER weekly-recovery move hit 37500 heading for 38800

MCX SILVER weekly forecast for 25 to 29 dec. 2017

 

Mcx silver future this week closed at 37932 with gain.

mcx silver after bearish breakdown hit bearish targets 37500 and almost hit 36500 and now recovery rally hit 37500 and heading for breakout towards 38800.

above 37500, remain buy and accumulate for next week for buy targets 38800 and 39900.

from long term view, mcx silver is in downtrend and remain buy and accumulate from investment point of view as it is trading undervalued.

 

 

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Pramod Baviskar

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