Market Analysis With Megh Mody

 Silver weekly chart Silver prices are likely to move higher and can surpass its previous swing high of 35$ over short term. In medium term, prices can move higher towards 44$ as higher highs and higher lows are intact. Prices are possibly moving in a flat pattern (A-B-C) levels where it completed wave A from the top of   51$ to 13$ and wave B which will also be 3 legs (a-b-c) can move till 44$ (minimum). CMP 32$ The bias is firmly positive for Silver prices to surge till 44$ over medium term perspective.

 Natural Gas Daily Chart In my previous update, I had mentioned that Natural Gas can complete wave 5 and will start the correction going ahead. Though I was of the opinion that it would terminate at 38.2% but it went till 5$ which was 61.8% which was mentioned in the probable scenario. Here is the link of the previous article of Natural Gas, click to read  https://www.marketanalysiswithmeghmody.com/2025/02/natural-gas-wave-5-to-terminate-soon.html Prices post making a high of 5$ has started moving lower and completed wave A of on higher degree at 2.93$ and has started moving higher which can unfold wave B on the higher side. This wave B can move till 80% retracement which is 4.57$ (minimum). CMP 3.56$ The bias is positive for Natural Gas as it can move higher towards 4.57$ over a months time.