Friday, 31 May 2013

SILVER TREND FOR TODAY- 31-May-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing BUY signal For short term Silver is in HOLD LONGposition and closed above 1 week high with volume signals up breakout.Positionally Support for the Silver is 43902-43383-43259-.Resistance for the Silver is 45775-48684-50605-
Short term and Intraday Level of SILVER
Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 45291.6 or hold with stop at 42960.0 The next resistance will be at 44925.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 45291.6 with a stop at 43942.8 Below 43553.5 go for sell and put stop at 44900.7
Intraday Resistance of SILVER are 44811.1 : 45201.2 : 45848.8 : 44737.7 : 44781.7
Intraday Support of SILVER are 44030.9 : 43640.8 : 42993.2 : 44105.4 : 44061.7

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