SILVER TREND FOR TODAY- 10-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 The current position is BUY .Positionally Support for the Silver is 44805-44658-44429-.Resistance for the Silver is 49332-51271-53192-

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 45628.0 with stop at 44180.0 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 45640.6 with a stop at 44882.8 Below 44691 go for sell and put stop at 45448
Intraday Resistance of SILVER are 45549.5 : 45868.6 : 45434.5 : 45478.8
Intraday Support of SILVER are 44780.5 : 44461.4 : 44797.3 : 44753.3

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