Wednesday, 4 September 2013

SILVER TREND FOR TODAY- 05-Sep-2013

Silver is in long- medium- short-medium- term bull phase .Currently Silver is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 50077-45530-44210-44073-.Resistance for the Silver is 53957-55054-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in sideways but the trend looks weak so better buy above 57600.0 or hold with stop at 51099.0 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 57600.0 The oscillator is showing BUY signal 
Intraday Trend- Sell if open below 51758.6 with stop loss at 54528.5 or sell below 50482.4Buy is not advised till it cross 55809.8
Intraday Resistance of SILVER are 54419.7 : 55698.4 : 57821 : 53487.3 : 53535.5
Intraday Support of SILVER are 51862.3 : 50583.6 : 48461 : 52795.8 : 52748

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