Thursday, 25 July 2013

SILVER TREND FOR TODAY- 25-July-2013

Silver is bearish for medium-long term .Currently Silver is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 40856-40765-40428-.Resistance for the Silver is 42085-42859-44211-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so either sell of or keep stop at41147 so better sell and enter at lower level The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 41871.8 with a stop at 41042.6 Below 40822 go for sell
Intraday Resistance of SILVER are 41788.2 : 42155.3 : 41651.6 : 41694
Intraday Support of SILVER are 40903.8 : 40536.7 : 41041.6 : 40999.4

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