Wednesday, 22 May 2013

SILVER TREND FOR TODAY- 23-May-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 40586.Resistance for the Silver is 43835-44293-44495-46974-49500-51485-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways and sellers was at high so for short term better buy above 44181.1 or hold with stop at 40749.0 The next resistance will be at 44600.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 44181.1 with a stop at 42706.9 Below 42274.3 go for sell and put stop at 43746.8
Intraday Resistance of SILVER are 43659.5 : 44093 : 44812.5 : 43929.5 : 43973.1
Intraday Support of SILVER are 42792.5 : 42359 : 41639.5 : 43303 : 43259.7

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