Silver is in long- short-medium- short- term bull phase .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 48937-48673-48616-48482-46611-.Resistance for the Silver is 51038-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below48926.2 Buy if above 50330.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 49965.5 with a stop at 49136.2 Below 48926.2 go for sell
Intraday Resistance of SILVER are 49865.8 : 50215 : 49779.1 : 49825.5
Intraday Support of SILVER are 49024.2 : 48675 : 49112 : 49065.9
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