MCX Silver Update

MCX Silver Update

As on Sat, 18 April 2026.
CMP: 2,58,000

Bottom Line

Silver remains in Wave (4) consolidation.
This is a time correction, not a price opportunity yet.

➡️ No long trades. No rush. Let the structure complete. Full structure and scenarios below.

Primary Count (Preferred)

The market is likely forming a bearish triangle within Wave (4).

• Current structure is consistent with A–B–C completed / near completion
• Wave (d) down should begin soon
• This should be followed by a final (e) bounce, before resolution

Implication:
Once the triangle completes, expect a sharp thrust lower toward 1,50,000 – 1,65,000

Confirmation trigger:
➡️ Price must start declining soon
If not, this count loses weight quickly.

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Alternate Count (Secondary)

The 199K low may be Wave A of a larger correction.

• Structure could evolve into a broad triangle or flat
• This implies extended sideways movement, not a directional setup

Expected behaviour:

• Range: 2,00,000 – 4,00,000
• Messy, overlapping swings for months
• Designed to waste time, not create opportunity

Key Levels / Invalidation

• Below 2,40,000: Confirms weakness → supports move into (d)
• Above ~2,90,000: Weakens triangle → alternate gains ground
• Above 3,00,000+: Triangle likely wrong → shift to larger sideways structure

Execution View

• Avoid longs completely in this zone
• No aggressive shorts yet — triangle not confirmed
• Best trade will come after structure clarity, not inside it

Final Thought

This is exactly the kind of market that forces trades and punishes them.

Discipline here is not avoiding losses — it is preserving capital for the real move.