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 45127-46008-47218-48106-48443-49841-
Short term and Intraday Level of SILVER
Currently Silver is in SELL position Silver is moving sideways so short term investor better to buy if close above 45240.0 closing below 43925.0 Sell will happen. The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 44347.6 with a stop at 43974.3 Below 43908.9 go for sell and put stop at 44282
Intraday Resistance of SILVER are 44259.1 : 44368 : 44443.7 : 44487.5
Intraday Support of SILVER are 43996.9 : 43888 : 43813.5 : 43769.9
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