Tuesday 9 April 2013

SILVER TREND FOR TODAY- 10-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 .. The oscillator is showing SELL signal For short term Silver is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Silver is 51684-.Resistance for the Silver is 52848-53611-54455-55959-56800-

Short term and Intraday Level of SILVER

Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 51195 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 52983.5 with a stop at 51702 Below 51345.3 go for sell with a stop at 52625.4
Intraday Resistance of SILVER are 52520.4/52877.8/53471.1/52381.4/52495.9
Intraday Support of SILVER are 51805.6/51448.2/50854.9/51469.9/51356.6
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