Wednesday 5 June 2013

SILVER TREND FOR TODAY- 05-Jun-2013

Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 43559-43322-.Resistance for the Silver is 44140-45186-48121-50018-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in down trend so buy above 44193.0 The sell will again come if below 43350.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 44354 with a stop at 43424.7 Below 43174 go for sell
Intraday Resistance of SILVER are 44213.2 : 44587 : 44077.4 : 44121
Intraday Support of SILVER are 43312.8 : 42939 : 43449.8 : 43406.4

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