SILVER TREND FOR TODAY- 12-Jun-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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 42511.Resistance for the Silver is 43822-43928-43957-44277-47236-49159-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 43901.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 44445.0 but caution- close Below low5 fresh selling can occur The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 44325.7 with a stop at 43211.3 Below 42898.8 go for sell
Intraday Resistance of SILVER are 44237.2 : 44757 : 43924.8 : 43968.4
Intraday Support of SILVER are 42984.8 : 42465 : 43298.3 : 43255

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