MCX Silver Futures – Intraday Analysis - 7th Oct., 25

SILVER1!

Silver is trading at 147,600 and hovering right at the zero line (147,519), with price coiling in a narrow zone and recent whipsaws near both the long entry (147,307) and short exit (147,478) bands.

Bullish Scenario
Long Entry (147,307):

Initiate fresh longs above 147,307, as repeated dips have found support here and buyers are defending this pivot.

Consider adding further above 147,100 if higher lows persist and volume supports a potential breakout.

Upside Targets:

148,603 (Target 1): First mapped resistance and key profit booking area.

149,273 (Target 2): Extended bullish target if momentum remains strong.

Stop Loss:

Use below 146,893 (short entry zone) to minimize risk from failed breakouts.

Bearish Scenario
Short Entry (146,893):

Shorts are actionable below 146,893, defining a breakdown from recent support and a likely move lower.

Downside Targets:

146,435 (Target 1): Next bounce and potential covering/buyback level.

145,765 (Target 2): Mapped extension zone for further downside.

Stop Loss:

Cover if prices reclaim and sustain above 147,307 to avoid losses on failed breakdown.

Structure & Neutral Logic
Zero Line (147,519):

This is the current balance point—sustained holding above signals further buying and momentum setup, whereas persistent rejection or tight chop around this area raises risk of a correction back toward lower bands.

Wait for a clear break above 147,600 or below 146,893 for clean directional trades.