Thursday, 1 August 2013

SILVER TREND FOR TODAY- 02-Aug-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above42614 or buy with strict stop at 39771. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 40953-40787-.Resistance for the Silver is 41608-41729-42532-43458-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 42220.9 or hold with stop at 40651.0 The next resistance will be at 42287.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 42220.9 with a stop at 40960.1 Below 40596 go for sell and put stop at 41855.4
Intraday Resistance of SILVER are 41736 : 42009 : 41712.8 : 41755.3
Intraday Support of SILVER are 41078 : 40805 : 41102.3 : 41060.2

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