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 40408.Resistance for the Silver is
42938-43172-43535-43994-45543-47801-
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 41518.0
Selling pressure seems to be deceasing so Short term investor with risk
aptitude can enter again if it close above 41620.0 but caution- close Below
low5 fresh selling can occur The Silver is now trading is approaching oversold
level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 41475.6 with a stop at 40473.5 Below 40194.6 go for sell
Intraday Resistance of SILVER are 41254.2 : 41603 : 41137.7 : 41179.9
Intraday Support of SILVER are 40413.8 : 40065 : 40531.5 : 40489.6
Intraday Trend- Buy is advised above 41475.6 with a stop at 40473.5 Below 40194.6 go for sell
Intraday Resistance of SILVER are 41254.2 : 41603 : 41137.7 : 41179.9
Intraday Support of SILVER are 40413.8 : 40065 : 40531.5 : 40489.6
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