SILVER Technical Analysis (MCX)

 

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📊 SILVER Technical Analysis (MCX)

Current Market Price (CMP): ₹2,36,902 (March Futures)

Silver has entered 2026 as one of the most explosive assets, coming off a record-breaking 150%+ rally in 2025. While the long-term structural supply deficit remains, the market is currently navigating a period of high volatility and profit-booking from all-time highs.

📈 Trend Overview

Short-Term Trend: Bearish to Neutral. After hitting a peak near ₹2,54,000, silver is seeing a "mean-reversion" correction. Momentum is cooling as traders book profits.

Medium-Term Trend: Bullish. Consolidation above the ₹2,21,000 base is expected to build the foundation for the next leg of the "Industrial Super-Cycle."

Long-Term Trend: Extremely Bullish. Driven by structural deficits and demand from solar, EV, and AI sectors.

🎯 Target & Stop Loss Levels

View Target 1 Target 2 Stop Loss (SL) Short Term ₹2,42,000 ₹2,46,000 ₹2,28,000 Medium Term ₹2,60,000 ₹2,77,500 ₹2,12,000 Long Term ₹3,00,000 ₹3,45,000 ₹1,50,000

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🔍 Key Technical Indicators

RSI (14): 78–85 (Extreme Overbought). Such high levels on the daily and weekly charts signal that while the trend is strong, a temporary "cooling off" or deep dip is highly likely.

Moving Averages: Bullish alignment. Price is well above the 50-DEMA (₹1,76,916) and 200-DEMA (₹1,57,036).

Support Levels:

S1: ₹2,21,000 (Immediate key base)

S2: ₹2,08,000 (Major psychological floor)

Resistance Levels:

R1: ₹2,42,000 (Recent hurdle)

R2: ₹2,54,174 (All-time high)

💡 Expert Trading View

Strategy: Do not chase the current price due to the "overbought" RSI levels. The ideal strategy for 2026 is "Buy on Dips." Any retracement toward the ₹2,21,000 – ₹2,25,000 zone should be used as an accumulation opportunity. Watch for a decisive breakout above ₹2,42,000 to signal the resumption of the parabolic rally.

Would you like me to prepare a customized investment plan for physical silver versus silver ETFs for your clients at Shreeji Finance?

This Silver Price Prediction for 2026 provides a deeper look into the supply constraints and industrial demand factors that are currently driving the white metal's record-breaking performance.