Wednesday, 11 September 2013

SILVER TREND FOR TODAY- 12-Sep-2013

Silver is in long- medium- term bull phase .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. 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 SELL position.Positionally Support for the Silver is 47085-45033-44619-.Resistance for the Silver is 53164-54407-54762-
Short term and Intraday Level of SILVER
Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 53879.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 53762.1 with a stop at 51727.5 Below 51120.8 go for sell
Intraday Resistance of SILVER are 53031.7 : 53523.7 : 52783.1 : 52830.9
Intraday Support of SILVER are 51846.3 : 51354.3 : 52096.1 : 52048.6
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