SILVER TREND FOR TODAY- 03-May-2013

Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 44096-43836-.Resistance for the Silver is 46734-50508-52337-53980-

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 45590.0 with stop at 43172.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 45524 with a stop at 44006.8 Below 43561.6 go for sell and put stop at 45077
Intraday Resistance of SILVER are 44987.1/45433.1/46173.6/44867.6/44973.6
Intraday Support of SILVER are 44094.9/43648.9/42908.4/44024.4/43919.5

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