Sunday, 16 February 2014

SILVER TREND FOR TODAY- 17-Feb-2014

Silver is in perfect uptrend .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Silver Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Silver is 45799-44858-44454-44419-44406-44265-. Immediate resistance for Silver is 46904
Short term and Intraday Level of SILVER
Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 47726.1 with stop at 44411.0 The Silver is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 47726.1 with a stop at 46011.9 Below 45504 go for sell and put stop at 47216.1
Intraday Resistance of SILVER are 47099.2 : 47585.5 : 48392.6 : 46937.4 : 46982.5
Intraday Support of SILVER are 46126.8 : 45640.5 : 44833.4 : 46289.7 : 46245
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