SILVER IN $ DOLLAR TERMS
Open—50.77--High---50.82---Low—48.64--Close---50 on 21.11.2025.
All-Time High:-54.46 made on 17.10.2025.
Recent Low:-45.56.
Support:$.49.75/49.37/46.88/45.56/44.16/43.33/37.43/36.28/35.36.---
Resistance:$.50.62/52.47/53.58/54.38/54.46.
(Bold and underlined figures are most important).
It is in the long term uptrend and the overall technical setup looks good for the continuation of the up move as of now. But at present it is in the corrective mode and making lower top & bottom and is oscillating in the range of $52.68---49.75---47.66—47.32 but if it moves $52.68 and sustain on the closing basis then it could retest its all-time high of $54.46 or may go beyond it also. Please note that if it moves above $54.46 and sustain on the closing basis then the broad upside target could be $56.88---57.81---59.90---60.10---64.29---68.80---73.21--83.26 in coming weeks & months, please note that it may correct at any of these points and then may resume the up-move again or it may halt the up-move for a while and move sideways or drift down.
Similarly as long as it holds $49.75 on the closing basis chances of resuming the up-move will be alive, but break and sustained close below it will be a weak sign can drag it down to the range of $47.66—47.32 this is a strong bounce back range, but if breaks below it and sustain on the closing basis then the next key support point is $45.56 and if it break & sustain below it then it may witness moderate to sharp fall again.
It is important to mention here that it had a vertical rise in the last couple of months, therefore in technical terms it may have vertical fall too in coming times but at present there is no such sign, but it is suggested to be alert and watchful.
Traders or investor can structure their trade with the help of above observation.
IMPORTANT NOTE: DO NOT TRADE OR INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment as of now, the technical
interpretation changes with the price movement and time, therefore it has to be
reviewed at regular intervals. This is for educational purpose.
Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is for educational purpose.
Kindly note that make your cost your stop loss
in favorable trade and then trail it as the price move up/down
to gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT
STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.