Silver MCX Historic Breakout Rally
Silver futures have confirmed a historic breakout above Rs 1,90,000, indicating strong bullish momentum.
Too little corroboration in the last 3 days to call a trend (17 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Silver Rockets to $67! Is $5,000 Gold Coming? Next Levels to Watch"
"Silver Rockets to $67! Is $5,000 Gold Coming? Next Levels to Watch"
"Silver's price has improved more than 150% over the past year, reaching decade-high levels. Some analysts predict a continued uptrend which may potentially push prices to all-time highs."
"That said, if the contract breaks out of ₹2,42,000, it can rally to ₹2,58,500."
"Although intrinsic fundamentals are not very encouraging now (as seen in one month LBMA lease rate, rising Chinese inventory), the white metal can extend its rally to $68 in near term. Traders may buy dips with a stop loss below $62.90 for a target of $68."
"The 230,000 level provides strong support and should limit any further weakness being the breakout level & the 30 weeks EMA. A firm close below it would change the bias but dips above that level should draw buyers in and keep the broader uptrend intact."
"the chart indicates that the contract has formed a support at ₹2,14,000. If there is a rebound on the back of this, silver futures can rally to ₹2,27,000."
"Silver has surged more than 150% over the past year, hitting its highest levels in over a decade. Silver's recent performance has outshined gold's, and many experts forecast the likelihood of seeing further upside, potentially pushing silver to record levels."
"Silver has surged more than 150% over the past year, hitting its highest levels in over a decade. Silver's recent performance has outshined gold's, and many experts forecast the likelihood of seeing further upside, potentially pushing silver to record levels."
"Silver has surged more than 150% over the past year, hitting its highest levels in over a decade. Silver's recent performance has outshined gold's, and many experts forecast the likelihood of seeing further upside, potentially pushing silver to record levels."