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 Silver is now trading in oversold level.
The Silver is now trading in oversold level. The oscillator is showing BUY
signal For short term Silver is in SELL position.Positionally Immediate
support for Silver is 52411.Resistance for the Silver is
54149-55003-56366-57652-58580-59325-
Short
term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways so for short term
better buy above 54555.3 with stop at 52621.0 The oscillator is showing SELL
signal
Intraday Trend- Buy is advised only above 54555.3 with a stop at 53236.6 Below 52869.7 go for sell and put stop at 54186.9
Intraday Resistance of SILVER are 54119.8/54528.7/55207.4/53936.5/54052.7
Intraday Support of SILVER are 53302.2/52893.3/52214.6/53011.5/52896.5
Intraday Trend- Buy is advised only above 54555.3 with a stop at 53236.6 Below 52869.7 go for sell and put stop at 54186.9
Intraday Resistance of SILVER are 54119.8/54528.7/55207.4/53936.5/54052.7
Intraday Support of SILVER are 53302.2/52893.3/52214.6/53011.5/52896.5
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