Thats how swift & precise moves are given when a traingle is broken on any commodity chart. Last leg rallies in commodities are always extended.
People who were trying to short silver, anticipating it to top out, have been eventually helping prices rally more everytime they got stopped out.
Rupee Apreciation restricted prices in MCX levels to rally more, but have still managed to surpass 32500, much more above our targets.
A fresh buy here is definitely not advisable.Go short only on some signs of reversals. Silver prices should take some break here from its one sided rally and correct a bit. A break of the rising trendline should confirm a start of the correction.
