Silver Technical View in medium to short term – 2nd July,2022

attached is the chart of silver weekly.

1. weekly flag pattern is evident since the top formed on 1st Feb2022 & is now currently at the support of flag pattern & long term resistances turned support lines (blue horizontal line).
2. the descending channel meeting the support along with flag pattern support , forming confluence of supports to prepare silver for the rise.
3. potential falling wedge is forming along with the confluence of support of falling wedge,flag pattern & support line ( blue)
4. small Rsi positive divergence is visible presented by dotted line.

plan :- Buying silver between 18.00-18.380$ for the target of 24$-25$ in medium term.

Thank you.

Sanjay Galani,CFTe

*marketcrafts.co.in*