Silver Mcx

The silver MCX prices move up from the 20 DMA at 47,687 then the move could be wave 3 of 3, reason being that the most recent rally for shorter than the 1st wave that ended in April. In the short-term we cannot rule out that the consolidation continues to 45,800, however sometimes prices take support at the midpoint and extend higher. If that happens then 3 = 1 = 59,284 would be close to the top end of the rising channel that is still holding good.