Sunday, 11 August 2013

SILVER TREND FOR TODAY- 12-Aug-2013

Silver is in perfect uptrend .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 The current position isBUY .Positionally Support for the Silver is 42466-41878-41757-41520-41255-41138-. Immediate resistance for Silver is 42951
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 42780.0 with stop at 40765.0 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 43180.2 with a stop at 42415 Below 42217.4 go for sell
Intraday Resistance of SILVER are 42771.9 : 42833.2 : 43008.5 : 43051.7
Intraday Support of SILVER are 42624.1 : 42562.8 : 42388.6 : 42345.8
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