Friday, 6 September 2013

SILVER TREND FOR TODAY- 07-Sep-2013

Silver is in long- medium- short-medium- short- term bull phase .Currently Silver is in uptrend and the trend is supported with good volume 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 on SELL signal and Silver is coming down from overbought level For short term Silver is in SELL position.Positionally Support for the Silver is 54048-51131-46107-44507-44265-.Resistance for the Silver is 55280-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy if close above 57600.0 closing below 51099.0 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy if open above 55536.8 with a stop at 54099.7 or Strong buy above 56146.9 Below 53492 go for sell or sell if open below54099.7
Intraday Resistance of SILVER are 55425.9 : 56034.8 : 57045.6 : 55168.8 : 55217.6
Intraday Support of SILVER are 54208.1 : 53599.2 : 52588.4 : 54466.4 : 54417.8

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