SILVER TREND FOR TODAY- 13-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 . In last few days lot of positive accumulation happened in the Silver Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Silver is 42483-42190-41912-41814-41429-41180-. Immediate resistance for Silver is 46373

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 42505 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- is in intraday buy level better buy above 46979 or in low buy above 44747.1 Target is 48005.2 next 49708.7 Below 43725 trend reversal can occur so keep long stop at 43725
Intraday Resistance of SILVER are 46846.6 : 47832.1 : 49468.2 : 46182.8 : 46227.5
Intraday Support of SILVER are 44875.4 : 43889.9 : 42253.8 : 45540.3 : 45496

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