MCX Silver Anticipated Happened and Elliott Wave Analysis

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 MCX Silver daily continuous chart anticipated on 15th March 2022


MCX Silver daily continuous chart happened on 1st September 2022


In my previous update on 15th March, I had mentioned that Silver is poised to falter till 50000 levels over short to medium term.

The bullion after completing the pattern has tumbled till 51551 levels. When I wrote this article in the month of March the CMP of Silver was at 68000. - Anticipated Happened

Here is the link of my previous article on MCX Silver, click on the below link to read

https://www.marketanalysiswithmeghmody.com/2022/03/mcx-silver-symmetrical-triangle.html

As per Wave theory, Silver prices can dip further and even break the level of 50000 levels and test 48000 levels over short term. As prices have completed wave i and wave ii is on the brink to complete, wave iii can break its previous low going ahead.

The summation is MCX Silver is negatively poised and can test 48000 over short to medium term.

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