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 44537-44561-44818-46215-47157-48719-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy only above 45226.0 or hold with stop at 42435.0 The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level
Intraday Trend- Buy is advised only above 44529.5 with a stop at 43138.9 Below 42532.5 go for sell
Intraday Resistance of SILVER are 44440.6 : 45048.3 : 46056.9 : 44147.6 : 44191.3
Intraday Support of SILVER are 43225.4 : 42617.7 : 41609.1 : 43519.5 : 43476.1
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