Silver Futures (MCX) – Gap Filling in Progress

Silver is showing signs of weakness after a recent rally and is now hovering near a key gap zone, hinting at a potential gap fill move in the short term.

🔻 Chart Insight:

Price is stalling just below the previous resistance zone.

A visible gap exists between 106,674 and 105,358, which the market is likely to fill.

The price has already started rejecting higher levels, indicating profit booking and bearish pressure.

📉 Outlook:
Silver futures are expected to fill the gap down to the 105,358 level before any sustainable bounce. If the price breaks below 106,582, the gap-fill probability increases significantly.

📌 Conclusion:
Gap-filling action is likely on the cards. Traders should watch price behavior near 106,500–105,350 for potential bounce zones or continuation signals.