SILVER TREND FOR TODAY- 18-JAN-2013

Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 58459-58297-58079-.Resistance for the Silver is 60381-60509-60789-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 58822 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 60396.9 with a stop at 59164.3 Below 58833.8 go for sell with stop at 60065.1
Intraday Resistance of SILVER are 59941.8/60269.7/60813.9/59770.6/59892.9
Intraday Support of SILVER are 59286.2/58958.3/58414.1/58796.7/58675.5

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