Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

MCX Silver Weak Downtrend to sustain?

19 sec read

MCX Silver Daily Charts

SILVER EOD

Silver managed to breach above 2015 high and traded above 40635 for sometime. However on last Friday moved back below 2015 year high with sharp downside which makes the trading sentiment to turn negative on both daily and weekly timeframes.

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For this week MCX Silver is expected to trade weak with few more selling pressure with immediate resistance comes around 40530 zone. Post the Fridays price action volatility in the silver is increased and more volatility is expected in the upcoming trading sessions.

MCX Silver Weekly Charts
Silver Weekly

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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