SILVER TREND FOR TODAY- 20-FEB-2013

Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Silver Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 54653.Resistance for the Silver is 57156-57623-58155-58388-59661-59824-

Short term and Intraday Level of SILVER

Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 56293.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 55711.1 with a stop at 54846.6 Below 54632.6 go for sell
Intraday Resistance of SILVER are 55582.8/55994.6/56678.2/55943.4/56061.7
Intraday Support of SILVER are 54759.2/54347.4/53663.8/55001.3/54884.1

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