Silver Futures RUPEE 2ND MARCH TO TILL DATE 15/9/2025 3.10 PM CHART (MCX, Monthly timeframe) step by step with Target, Stop Loss, Support-Resistance, Pivot Levels, and Short/Medium/Long-Term views:
🔎 Technical View (Chart Analysis) Fibonacci Levels:
0.618 (107,491) → Major long-term support.
0.5 (100,903) → Strong psychological + technical support.
1.000 (128,821) → Current resistance/target zone (price trading close).
Current Price: ₹128,981 (above resistance zone near 128,821 → possible breakout or rejection).
RSI (Relative Strength Index):
RSI is above 70 (overbought zone).
Indicates strength but also risk of short-term pullback.
Trend:
Long consolidation between ₹90,000 – ₹110,000.
Fresh breakout above ₹120,000 with momentum.
Strong bullish structure intact.
📍 Support & Resistance Levels Immediate Resistance: ₹128,800 – ₹130,000 (current zone).
Next Resistance (if breakout): ₹135,000 – ₹140,000.
Immediate Support: ₹122,500 – ₹124,000.
Major Supports: ₹115,000 – ₹110,000 (Fibo + horizontal).
🎯 Target & Stop Loss Short Term (1–3 months) Target: ₹132,000 – ₹135,000
Stop Loss: ₹122,500
Medium Term (3–6 months) Target: ₹138,000 – ₹142,000
Stop Loss: ₹115,000
Long Term (6–12 months+) Target: ₹150,000 – ₹155,000 (new lifetime highs if global bullish trend continues)
Stop Loss: ₹100,000 (Fibo 0.5 level as strong base)
🧭 Pivot Levels (Monthly) Pivot: ₹120,800
R1: ₹128,800
R2: ₹135,500
R3: ₹142,000
S1: ₹115,000
S2: ₹110,000
S3: ₹100,900
✅ Summary Short Term: Overbought, may see small pullback before ₹132k–₹135k target.
Medium Term: Bullish trend intact, targets ₹138k–₹142k if sustains above ₹122k.
Long Term: Strong breakout potential, ₹150k+ possible if ₹110k zone holds as major support.
a technical + fundamental view of COMEX Silver (XAG/USD) — current rates, key levels, and what to expect short, medium, long term.
🔍 Current Rate & Context Current COMEX silver futures price is ≈ US$42.60 / oz. Investing.com India +2 Investing.com India +2
52-week trading range: ≈ US$27.55 to US$43.04. Investing.com India +1
Price has recently rallied — up ~ +11% over past month and ~ +37% year-over-year. Trading Economics +2 Investing.com India +2
📊 Technical Levels: Support, Resistance & Pivot From analyses on Marketscreener, Investing.com etc:
Time-Frame Resistance Support Pivot / Key Zones Short Term (days-weeks) ~$43.80 region MarketScreener India +1 ~$41.00-41.50 Economies.com +2 Investing.com India +2 Pivot zone around $42.60-42.70 Investing.com India +1 Medium Term (weeks-months) ~$45.00 area if breakout past $44 region FXEmpire +1 ~$39.00 – $38.00 MarketScreener India +1 Breakout needs holding above prior resistance (~42.70-43.00) MarketScreener India +1 Long Term (months-year+) $50+ possible if macro tailwinds (dollar weakness, inflation, supply constraints) FXEmpire +1 Strong base support in $30-35 region if large downside occurs Trading Economics +1 Long-term pivot around $40 may act as key psychological region Investing.com India +1
🚀 Targets & Stop Loss Ideas (Trade-Oriented) Here are potential zones for traders, depending on horizon:
Horizon Target Stop Loss / Risk Level Short Term ~$44.00-$45.00 if the resistance at ~$43.80 breaks convincingly. ~$41.00; a drop below could indicate weakness. Medium Term ~$48.00-$50.00 if broader bullish conditions (USD weakness, demand, inflation) continue. Below ~$38.00; a break here may invalidate the bullish run. Long Term $55-$60 could be possible in strong bullish macro scenario. Below ~$30-35; that would be a major break and could reset view.
⚠️ Considerations / Risks USD Strength: Silver tends to move inversely with the U.S. dollar. If USD strengthens, that’s a headwind.
Interest Rates / Fed Policy: Expectations of rate cuts or tightness affect silver’s appeal.
Industrial Demand: As silver has dual role (precious + industrial), demand from sectors (electronics, solar, etc.) matters.
Overbought Conditions: Some indicators suggest overbought in short term — risk of pullback.
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