SILVER TREND FOR TODAY- 12-FEB-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position and Silver closed below 1 week low with volume signals down breakout.Positionally Immediate support for Silver is 57312.Resistance for the Silver is 58441-58500-58934-58952-60072-60119-

Short term and Intraday Level of SILVER

Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below57065 Buy if above 58645.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58259 with a stop at 57305.3 Below 57065 go for sell
Intraday Resistance of SILVER are 58108.9/58480.7/58336.4/58457.2
Intraday Support of SILVER are 57213.1/56841.3/57374.3/57254.6

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