Tuesday, 5 March 2013

SILVER TREND FOR TODAY- 06-March-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 . 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 HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Silver is 54049-53656-.Resistance for the Silver is 55846-57396-58280-59188-

Short term and Intraday Level of SILVER

Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 55435.0 with stop at 52621.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 55732.3 with a stop at 54150.5 Below 53697.4 go for sell
Intraday Resistance of SILVER are 55134.1/55483.7/55407.4/55525.2
Intraday Support of SILVER are 54291.9/53942.3/54469.9/54353.3

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