Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory 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 Nickel is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 43749.Resistance for the Silver is 45662-46596-47680-48368-48386-50022-
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 45011.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 44967.6 with a stop at 44162.6 Below 43954 go for sell
Intraday Resistance of SILVER are 44877.9 : 45224.7 : 44776.8 : 44820.9
Intraday Support of SILVER are 44042.1 : 43695.3 : 44144.3 : 44100.6
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