#Update | #MCXSilver
On Dec 27, 2022, we identified a bullish flag pattern when Silver was trading around 69,845. A follow-up update was shared on Apr 4, 2025, with prices near 87,878.
Since then, MCX Silver moved up and touched a high of 1,16,641 on Jul 14, 2025, meeting the projected zone of the earlier chart pattern — a move of 67% from the initial post and +32% from the April update.
At present, Silver is trading within an ascending channel on the long-term charts — a structure often associated with a sustained trend.
Stay tuned — this could just be the beginning!
⚠️ This is a technical observation shared for educational purposes only. Not a buy/sell recommendation. Please consult your financial advisor before making any trading decisions.
#Silver | #MCX | #TechnicalAnalysis | #PriceAction | #Commodities | #TrendAnalysis | #ChartPatterns
On Dec 27, 2022, we identified a bullish flag pattern when Silver was trading around 69,845. A follow-up update was shared on Apr 4, 2025, with prices near 87,878.
Since then, MCX Silver moved up and touched a high of 1,16,641 on Jul 14, 2025, meeting the projected zone of the earlier chart pattern — a move of 67% from the initial post and +32% from the April update.
At present, Silver is trading within an ascending channel on the long-term charts — a structure often associated with a sustained trend.
Stay tuned — this could just be the beginning!
⚠️ This is a technical observation shared for educational purposes only. Not a buy/sell recommendation. Please consult your financial advisor before making any trading decisions.
#Silver | #MCX | #TechnicalAnalysis | #PriceAction | #Commodities | #TrendAnalysis | #ChartPatterns
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