Silver Micro Futures
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Silver Micro Futures – Technical Analysis (Daily Chart)

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Silver Micro Futures – Technical Analysis (Daily Chart)

Summary:

Price Action:
A symmetrical triangle breakout has occurred on the upside, indicating a potential bullish continuation.

Current Price: ₹100,168

Breakout candle has strong bullish volume and closed above resistance.


RSI (Relative Strength Index):
RSI has broken out of a downward trendline and is currently around 63.44, suggesting renewed bullish momentum without being overbought yet.


Key Technical Signals:

Pattern: Symmetrical triangle breakout (bullish).

Volume: Likely increasing on breakout candle (strong signal).

RSI: Bullish divergence and breakout confirms strength.

Support Zone: ₹96,000 to ₹92,000

Next Target Zone: ₹104,000 to ₹108,000+


Conclusion:

Bullish Bias – Strong breakout both in price and RSI. A continuation rally is likely unless price re-enters the triangle. Keep stop loss near ₹96,000 for long positions.

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