Friday 17 May 2013

SILVER TREND FOR TODAY- 18-May-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 42112.Resistance for the Silver is 44517-44608-44686-47885-50090-52148-
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 43700.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 43509.5 with a stop at 42424.6 Below 42120.9 go for sell
Intraday Resistance of SILVER are 43214.8 : 43547.5 : 43192.8 : 43236.1
Intraday Support of SILVER are 42413.2 : 42080.5 : 42571.6 : 42528.7

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