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MCX Silver's Next Target 65200 by the Elliott Wave
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MCX Silver's Next Target 65200 by the Elliott Wave

Here, I have applied Elliott wave , moving average , volume , and MACD . Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels:

Intraday Targets: 62100 - 63300
Positional Targets: 64260 - 65200

At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.

http://in.tradingview.com/v/pDY7MmZc/
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