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 oscillator is showing SELL signal For short term Silver
is in SELL position.Positionally
Support for the Silver is 47442-45198-44757-.Resistance for the Silver is
53448-53577-54014-
Short
term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close
above 51973.0 The Silver is now trading in highly oversold level. The
oscillator is showing SELL signal
Intraday Trend- Buy is advised above 50355.8 with a stop at 48889.4 Below 48467.6 go for sell
Intraday Resistance of SILVER are 49832.6 : 50255.3 : 50956.8 : 49744 : 49790.4
Intraday Support of SILVER are 48987.4 : 48564.7 : 47863.2 : 49077.1 : 49031.1
Intraday Trend- Buy is advised above 50355.8 with a stop at 48889.4 Below 48467.6 go for sell
Intraday Resistance of SILVER are 49832.6 : 50255.3 : 50956.8 : 49744 : 49790.4
Intraday Support of SILVER are 48987.4 : 48564.7 : 47863.2 : 49077.1 : 49031.1
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