What you looking at is Silver Monthly chart. Bullion has been in continuous uptrend during in its life but since high in 2011 it has been not attractive for the traders or investors. But now its time for some trading on the bullion. Technically it has retraced 50% of the previous rally that ended in 2011 which indicates a strong level to buy. Indicators have turned bullish supporting a buy call on the bullion. Currently price is clustered around 5-10-15 Monthly average which is around 48000 levels.
Our strategy for Investors: Go long on Silver (DEC) Mcx near to 48500 tgt 51000/56000/59000 SL:45500