Silver is in long- term bull phase .Currently Silver is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 47218-.Resistance for the Silver is 48950-49161-49314-49759-50195-
Short term and Intraday Level of SILVER
Currently Silver is in SELL position Silver is in sideways and sellers was at high so for short term better buy above 49385.6 or hold with stop at 47732.0 The next resistance will be at 49154.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 49385.6 with a stop at 48233.3 Below 47915 go for sell and put stop at 49065.9
Intraday Resistance of SILVER are 49287 : 49816.5 : 48980.4 : 49026.5
Intraday Support of SILVER are 48011 : 47481.5 : 48318.7 : 48273
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