Monday, 13 May 2013

SILVER TREND FOR TODAY- 14-May-2013


Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 44826-44732-44226-.Resistance for the Silver is 48758-50773-52794-
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 45439.0 with stop at 44275.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 45472 with a stop at 44896.4 Below 44765 go for sell and put stop at 45340.1
Intraday Resistance of SILVER are 45381.2 : 45599.7 : 45425.5 : 45469.8
Intraday Support of SILVER are 44854.8 : 44636.3 : 44788.3 : 44744.3

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