Silver Rates: Chance of silver again, learn the latest trending level

MCX option chain is giving mixed signs

The current price of Silverm June Futures on MCX is ₹ 95,495 and the option activity is limited to an ATM strike price of ₹ 95,500. According to the option series:

• The put/call ratio (PCR) is 0.53, which indicates a mild recession.
• Max Penn is at ₹ 96,000 – this means that an attempt can be made to increase the price to this level.
• Some put options have seen an increase between ₹ 95,000 and ₹ 95,250 in the premium, indicating the structure at the bottom.

Although the open interest is not high, the business activity certainly shows that the pressure at the bottom is reduced.

Analysis of comex option data

Based on the Silver July ’25 series options with the end of May 19 on Comex:

The put/call premium ratio is 3.71, which indicates that traders have purchased a large number of put options.

This shows that the market is buying protection to prevent further decline, which may be part of a type of lowest process.

This data also means that big investors are now expecting a boom from below.

Charts show signs of stability and light recovery

15 minutes chart (Silverm1!, MCX)

• The RSI is around 41.65 – trying to get out of the oversold region.
• The PSP GAP histogram reflects a slightly upward speed (UM).
• The recent intraday minimum level was close to ₹ 95,060, which confirms this support area.

This shows that a strong support has been made around ₹ 95,000 – ₹ 95,100.

5 minutes chart (silverm foot)

• Both stochastic and stock RSI are making trends downwards from the overbot area.
• The True Strength Index (TSI) is now in the positive field, which reflects the speed of improvement.
• The RSI is at 52.14 – a little positive from the neutral.

From this it is clear that in short term we can also see some stability and slight increase in prices.

Major support and resistance level

Level | Price (in rupees) | Meaning |

• Strong support | ₹ 95,000 – ₹ 95,100 | Lower formation area |
• Immediate assistance | ₹ 95,500 | ATM strike, decision area |
• Resistance 1 | ₹ 96,000 | Pulback target due to maximum pain |
• Resistance 2 | ₹ 96,500 – ₹ 97,000 | Back Flat Close and MA Zone |

What can be the next step of silver?

All indicators indicate that the decline is now in the final stages. If the level of ₹ 95,000 is maintained then there is a high probability of improving up to ₹ 96,000. If it crosses ₹ 96,000, the price can increase to ₹ 96,500 and ₹ 97,000. But if the level of ₹ 95,000 is broken, the risk of falling to ₹ 94,000 will increase again.

What should traders do?

Silverm futures are currently trading in a potential lower region. Both comes option data and MCX chart show that big investors have now started purchasing from below. In this situation, short -term traders can adopt a purchase strategy on fall.

The strategy can be this: Take a long position at ₹ 96,000 – ₹ 96,500 by placing SL below ₹ 95,000. Also, it would be better to lock the profit and put the trailing SL on crossing the level of ₹ 96,000.