Tuesday, 14 May 2013

SILVER TREND FOR TODAY- 15-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 LONG position.Positionally Support for the Silver is 44231-.Resistance for the Silver is 45073-45183-48564-50612-52644-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 45267.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 45138.3 with a stop at 44161.4 Below 43895.8 go for sell
Intraday Resistance of SILVER are 45031.7 : 45459.7 : 44902.6 : 44946.7
Intraday Support of SILVER are 44000.3 : 43572.3 : 44269.2 : 44225.4


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