SILVER TREND FOR TODAY- 31-Oct-2013

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 49201-48786-48651-48550-46715-.Resistance for the Silver is 50969-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways and sellers was at high so for short term better buy above 50714.9 or hold with stop at 49060.0 The next resistance will be at 50391.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 50714.9 with a stop at 49635.7 Below 49343.4 go for sell and put stop at 50421.5
Intraday Resistance of SILVER are 50613.7 : 51099.9 : 50364.1 : 50410.8
Intraday Support of SILVER are 49442.3 : 48956.1 : 49693.1 : 49646.7

 

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