Thursday, 9 May 2013

SILVER TREND FOR TODAY- 09-May-2013


Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 3 weeks Silver is trading in low volatality and fresh Buy can be considered in the Silver if it close above46003 or buy with strict stop at 42169. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 44646-44330-.Resistance for the Silver is 45430-49521-51447-53327-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in profit booking mode so hold with stop at 44516 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 45895.5 with a stop at 44368.1 Below 43920 go for sell and put stop at 45445.7
Intraday Resistance of SILVER are 45289.6 : 45607.9 : 45159.9 : 45204.1
Intraday Support of SILVER are 44522.4 : 44204.1 : 44524.6 : 44480.7

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