SILVER TREND FOR TODAY- 23-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. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 52865.Resistance for the Silver is 55853-56682-57441-58126-59288-59654-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 54594.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 54074.3 with a stop at 52866.9 Below 52536.3 go for sell
Intraday Resistance of SILVER are 53595.2/53886.5/54370/54023.5/54139.8
Intraday Support of SILVER are 53012.8/52721.5/52238/53097.8/52982.7

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