mcx silver weekly technical analysis 16 to 20 may 2016

mcx silver weekly technical analysis 16 to 20 may 2016 Mcx silver future this week closed with loss at 41012. On weekly chart silver prices trend is bullish but prices are coming off from overbought zones.   For next week, my view for silver future is bullish and above 40100 support keep buy on dips strategy for tgts 44800 and 47300.   Below 40100, silver will turn bearish and will breakdown for tgts 37600 to 33k. This week silver given reversal near 40100 support with low of 40300 which was buy signal from my view.

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