SILVER TREND FOR TODAY- 08-April-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 oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 50221.Resistance for the Silver is 52579-53251-53866-54714-56135-57023-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is moving sideways with low volatality so short term investor better to buy if close above 52847.0 close below 50423.0 Sell will happen. The Silver is now trading is approaching oversold level. The oscillator is on BUY Signal and Silver is recovering from oversold level
Intraday Trend-Intraday better to buy above 52725.6 and Sell if below50418.6
Intraday Resistance of SILVER are 51703.4/51814/51959.2/52073.3
Intraday Support of SILVER are 51436.6/51326/51051.4/50938.5

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