SILVER TREND FOR TODAY- 03-Sep-2013

Silver is in perfect uptrend .Currently Silver is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The Silver is now trading in highly overbought level. The Silver 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 54039-52936-49012-44931-43906-43867-. Immediate resistance for Silver is 60182

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend .Last day Silver was in bull trend So short term buyers buy if close above 54858.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy the Silver above 56297.6 with a stop at 52386.7 Target is 57531.2 next 59579 Below 52386.7 trend reversal can occur so keep long stop at 52386.7
Intraday Resistance of SILVER are 56185.2 : 57416.4 : 59460.1 : 55306.2 : 55355.1
Intraday Support of SILVER are 53722.8 : 52491.6 : 50447.9 : 54602.9 : 54554.3

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