Sunday, 31 March 2013

SILVER TREND FOR TODAY- 01-April-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 51219.Resistance for the Silver is 54354-54425-54541-55536-56671-57647-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 53933.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 53792.7 with a stop at 52353.8 Below 51741.7 go for sell
Intraday Resistance of SILVER are 53685.3/54298.6/55316.7/53159.1/53274.5
Intraday Support of SILVER are 52458.7/51845.4/50827.3/52240.9/52126.7
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