Silver is bearish for medium-long term .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 oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 45084.Resistance for the Silver is 47713-48138-48149-48621-49033-50322-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 46968.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 47280.0 but caution- close Below low5 fresh selling can occur The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 46235.1 with a stop at 44841.2 Below 44438.1 go for sell
Intraday Resistance of SILVER are 45722.2 : 46109.4 : 46752.2 : 45654.9 : 45699.4
Intraday Support of SILVER are 44947.8 : 44560.6 : 43917.8 : 45016.2 : 44972.1
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