SILVER TREND FOR TODAY- 26-April-2013

Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in highly oversold level. The Silver is now trading in highly oversold level. 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 43465-.Resistance for the Silver is 46207-48640-51610-53426-54787-

Short term and Intraday Level of SILVER

Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 45967.3 or hold with stop at 42338.0 The next resistance will be at 45330.0 Yesterday the up movement was with volume this also confirm an up break out The oscillator is showing SELL signal
Intraday Trend- Buy above 45967.3 and keep stop below 44383.5 Target is 46670.3 next 47837.2 Below 43683.3 trend reversal can occur and next level is 42521.1
Intraday Resistance of SILVER are 45874.6/46575.3/47738.4/44889.1/44995.1
Intraday Support of SILVER are 44473.4/43772.7/42609.6/44045.6/43940.7

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