Silver is in long- medium- term bull phase .Currently Silver is in
strong downtrend with good momentum and the trend is supported with good volume
The open interest is not increasing with trend . Noting point is selling at
lower levels seems decreasing. The Silver is now trading in oversold level. The
Silver is now trading in oversold level. The oscillator is showing SELL signal
For short term Silver is in SELL position.Positionally
Support for the Silver is 48855-46070-45283-.Resistance for the Silver is
50099-51377-52897-
Short
term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above
52165.0 with stop at 48432.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 49845.1 with a stop at 48757.5 Below 48461.3 go for sell
Intraday Resistance of SILVER are 49745.6 : 50238.3 : 49485.1 : 49531.4
Intraday Support of SILVER are 48558.4 : 48065.7 : 48820 : 48774.1
Intraday Trend- Buy is advised above 49845.1 with a stop at 48757.5 Below 48461.3 go for sell
Intraday Resistance of SILVER are 49745.6 : 50238.3 : 49485.1 : 49531.4
Intraday Support of SILVER are 48558.4 : 48065.7 : 48820 : 48774.1
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