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 on BUY Signal and Silver is
recovering from oversold level For short term Silver is in SELL position.Positionally
Immediate support for Silver is 48356.Resistance for the Silver is
51191-51858-52937-53870-55532-56332-
Short
term and Intraday Level of SILVER
Currently
Silver is in HOLD
SHORT position
The Silver is in downtrend For short term buy only if close above 50834.0 The
oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 49670.2 with a stop at 48468.8 Below 48134.5 go for sell and put stop at 49334.5
Intraday Resistance of SILVER are 49119.5/49300.9/49242.1/49353.2
Intraday Support of SILVER are 48682.5/48501.1/48358.5/48248.6
Intraday Trend- Buy is advised only above 49670.2 with a stop at 48468.8 Below 48134.5 go for sell and put stop at 49334.5
Intraday Resistance of SILVER are 49119.5/49300.9/49242.1/49353.2
Intraday Support of SILVER are 48682.5/48501.1/48358.5/48248.6
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