SILVER TREND FOR TODAY- 29-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 Silver is now trading in highly overbought level. The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 52665-50534-46982-43812-43489-43353-. Immediate resistance for Silver is 60182

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In Silver is in up trend but last day trend was weak so adhere to stop at 54258 The Silver is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 54420.5 with stop loss at 57136.5 Buy is advised only above 58385.4
Intraday Resistance of SILVER are 57022.4 : 58268.9 : 60337.9 : 56130.8 : 56180.1
Intraday Support of SILVER are 54529.6 : 53283.1 : 51214.1 : 55422.3 : 55373.4

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