Will There Be a New Rally in June Silver Futures or a Correction? This Signal in MCX

Silver June futures (SILVERM JUN FUT) on MCX are trading around ₹95,875. Several important signals have emerged in the 1-hour chart. Both the Stochastic and the Stock RSI have reached the overbought zone – indicating that prices may see a slight decline or consolidation in the near future. While the RSI is at 56.15 indicating a mild bullish trend, the TSI (True Strength Index) is still in the negative zone (-0.0281), indicating that the trend ha…