Monday 25 March 2013

SILVER TREND FOR TODAY- 26-March-2013


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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 53400.Resistance for the Silver is 54574-54576-54724-55903-56892-58009-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below53546.5 Buy if above 55100.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 54879.8 with a stop at 53825 Below 53546.5 go for sell
Intraday Resistance of SILVER are 54613.1/54946.1/54521.3/54638.1
Intraday Support of SILVER are 53810.9/53477.9/53591.3/53475.7

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