Silver Dec. Futures (MCX) – Intraday Analysis - 6th Oct., 2025

SILVER1!
Silver is trading at 145,599, following a recent pullback from a rising wedge pattern near the upper channel boundary, currently testing the zero line level as support/resistance.

Bullish (Long) Setup
Long Entry (145,060):

Enter long above 145,060, confirming a bounce from the lower channel and support band, signaling buyers readiness to push higher.

Add more positions near 144,468 if dips are absorbed, sustaining higher lows.

Upside Targets:

148,843 (Target 1): The first major resistance and profit booking zone in the upward channel.

150,758 (Target 2): Projection target based on channel extension.

Stop Loss:

Stops should be kept below 143,388, corresponding to the lower wedge boundary and invalidating the bullish setup if broken.

Bearish (Short) Setup
Short Entry (143,876):

Initiate shorts below 143,876 upon breaching lower channel support, indicating sellers are in control.

Downside Targets:

142,645 (Target 1): Immediate support area, likely for short covering.

140,730 (Target 2): Deeper support target if momentum to the downside accelerates.

Stop Loss:

Cover shorts above 145,060 to protect against false breakdowns.

Technical Structure & Logic
The price is currently respecting a rising wedge pattern, with the zero line at 145,744 as a key pivot.

A break above the upper channel signals bullish continuation, while break below the wedge invites correction.

The zero line acts as a critical mid-channel point for sentiment balance.