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 53400.Resistance for the Silver is
54574-54576-54724-55903-56892-58009-
Short
term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low
yesterday but failed to keep the trend so if selling has to considered better
below53546.5 Buy if above 55100.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 54879.8 with a stop at 53825 Below 53546.5 go for sell
Intraday Resistance of SILVER are 54613.1/54946.1/54521.3/54638.1
Intraday Support of SILVER are 53810.9/53477.9/53591.3/53475.7
Intraday Trend- Buy is advised above 54879.8 with a stop at 53825 Below 53546.5 go for sell
Intraday Resistance of SILVER are 54613.1/54946.1/54521.3/54638.1
Intraday Support of SILVER are 53810.9/53477.9/53591.3/53475.7
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