Friday, 9 August 2013

SILVER TREND FOR TODAY- 10-Aug-2013

Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note 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 41903-41654-41431-41200-41149-.Resistance for the Silver is 42825-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways and sellers was at high so for short term better buy above 43056.8 or hold with stop at 40765.0 The next resistance will be at 42780.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 43056.8 with a stop at 42293.8 Below 42096.7 go for sell and put stop at 42859
Intraday Resistance of SILVER are 42970.9 : 43298.7 : 42886.1 : 42929.2
Intraday Support of SILVER are 42181.1 : 41853.3 : 42267.1 : 42224.3

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