SILVER TREND FOR TODAY- 05-Oct-2013

Silver is in long- 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 . 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 BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 46874-45620-.Resistance for the Silver is 49120-49562-50287-51168-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position Silver is in down trend so buy above 48939.0 The sell will again come if below 46866.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 48771.1 with a stop at 47862.7 Below 47624.8 go for sell
Intraday Resistance of SILVER are 48644.5 : 49015.9 : 48526.9 : 48572.7
Intraday Support of SILVER are 47749.5 : 47378.1 : 47868.3 : 47822.8

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