SILVER TREND FOR TODAY- 23-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 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 48531-46273-44271-42989-42620-42336-. Immediate resistance for Silver is 52409

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 51971 or hold with stop at 49167.0 The next resistance will be at 52200.0 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 51971 with a stop at 50757.1 Below 50421.7 go for sell and put stop at 51634.2
Intraday Resistance of SILVER are 51867.3 : 52425.3 : 51535 : 51582.2
Intraday Support of SILVER are 50522.7 : 49964.7 : 50856.2 : 50809.3

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