SILVER TREND FOR TODAY- 22-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 58840-58479-58198-.Resistance for the Silver is 60358-60387-60681-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 59787.0 with stop at 58528.0 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 60205.8 with a stop at 58987 Below 58660.8 go for sell
Intraday Resistance of SILVER are 59611/59759.6/59956.4/60078.9
Intraday Support of SILVER are 59253/59104.4/58980.9/58859.6

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