SILVER TREND FOR TODAY- 02-Jan-2014

Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELLposition.Positionally Immediate support for Silver is 42265.Resistance for the Silver is 44474-44513-44712-46097-47083-48646-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 45226.0 with stop at 42435.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 45182.6 with a stop at 43181.2 Below 42574.2 go for sell and put stop at 44573.2
Intraday Resistance of SILVER are 44039.9 : 44176 : 44190.8 : 44234.5
Intraday Support of SILVER are 43712.1 : 43576 : 43562.4 : 43519

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