SILVER TREND FOR TODAY- 17-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.Positionally Immediate support for Silver is 42582.Resistance for the Silver is 49875-50583-52141-53385-55122-55989-

Short term and Intraday Level of SILVER

Last few days Silver is moving down and the trend looks weakCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 47389.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy only if open above 44877.1 with a stop at 43515.2 or buy above 45470.9 Below 42923.9 go for sell or sell if open below43515.2
Intraday Resistance of SILVER are 44787.6/45380.1/46363.8/44353.2/44458.6
Intraday Support of SILVER are 43602.4/43009.9/42026.2/43514.8/43410.6

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