Silver is in long- medium- term bull phase .Currently Silver is in
strong downtrend and the trend is supported with good volume 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 48019-45472-44964-.Resistance for the Silver is
52047-52992-53333-
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 50416.0 Selling pressure seems to be deceasing so Short term investor
with risk aptitude can enter again if it close above 50778.0 but caution- close
Below low5 fresh selling can occur The Silver is now trading in highly oversold
level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 50124.4 with a stop at 48991.1 Below 48680.1 go for sell
Intraday Resistance of SILVER are 50024.4 : 50541.8 : 49735 : 49781.4
Intraday Support of SILVER are 48777.6 : 48260.2 : 49068.2 : 49022.1
Intraday Trend- Buy is advised above 50124.4 with a stop at 48991.1 Below 48680.1 go for sell
Intraday Resistance of SILVER are 50024.4 : 50541.8 : 49735 : 49781.4
Intraday Support of SILVER are 48777.6 : 48260.2 : 49068.2 : 49022.1
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