Sunday, 18 August 2013

SILVER TREND FOR TODAY- 19-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 Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 44901-43791-42696-42694-42209-41557-. Immediate resistance for Silver is 51403
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 47676 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 51125 with a stop at 50380.5 Below 50200.4 go for sell with stop at 50944.2
Intraday Resistance of SILVER are 51023 : 51322.6 : 51000.2 : 51047.2
Intraday Support of SILVER are 50301 : 50001.4 : 50324.9 : 50278.3

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