SILVER TREND FOR TODAY- 17-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. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 44014-43194-42622-42290-42112-41424-. Immediate resistance for Silver is 51239

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 45918 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- is in intraday buy level better buy above 52323.5 or in low buy above 49455.8 Target is 53658.2 next 55873.8 Below 48126.5 trend reversal can occur so keep long stop at 48126.5
Intraday Resistance of SILVER are 52186.4 : 53485.8 : 55642.8 : 51225.9 : 51273
Intraday Support of SILVER are 49587.6 : 48288.2 : 46131.2 : 50549.2 : 50502.4

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