SILVER

Hello & welcome to this analysis

Silver had a dream run from August to October before going into a sideways correction.

Just like Gold, it too is forming a triangle, now likely into its last leg.

Comex Silver an ascending triangle as long as it does not trade above $54.40 could dip down to $51.50 - 50.75 to complete the formation of the triangle provided the expected last leg down does not go below 48.63.

MCX Silver is a contracting triangle (due to $:INR) as long as it does not trade above 165818 could dip down to 157000 - 155000 to complete the formation of the triangle provided the expected last leg down does not go below 150350.

Upon completion of the triangles the upside target on resumption of uptrend are $59 / INR 186000

All the best