Silver Chart

Position : Nil

Technical Details : Pattern formation for 1350 points with neck line 40000
implies [if break] then target  38650.  Now range bound 40700-39900.

Long term MACD is negative, Short term is also negative.  As per Fibo
for the swing 41150-38500, 39500 is 61.8%, almost matched with pattern
formation.  Wait and watch for Short call.