SILVER TREND FOR TODAY- 16-May-2013

Silver is bearish for medium-long term.Currently Silver is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position and Silver closed below 1 week low with volume signals down breakout.Positionally Immediate support for Silver is 42778.Resistance for the Silver is 44551-44957-45036-48346-50440-52479-

Short term and Intraday Level of SILVER

Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below42366.1 Buy if above 45372.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 44265.3 with a stop at 42796.7 Below 42366.1 go for sell
Intraday Resistance of SILVER are 43724.3 : 44134.6 : 44815.6 : 43881.3 : 43924.9
Intraday Support of SILVER are 42903.7 : 42493.4 : 41812.4 : 43255.1 : 43211.9

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