Thursday 29 August 2013

SILVER TREND FOR TODAY- 30-Aug-2013

Silver is in perfect uptrend .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Silver. The Silver is now trading in highly overbought level. The Silver is now trading in highly overbought level. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 53152-51388-47535-44120-43599-43512-. Immediate resistance for Silver is 60182
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 54510 The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level
Intraday Trend- Buy if open above 56328.9 or above 57004.7 with a stop at 54757.8 Below 54084.7 go for sell
Intraday Resistance of SILVER are 56216.5 : 56890.9 : 58010.5 : 55896.1 : 55945.3
Intraday Support of SILVER are 54867.5 : 54193.1 : 53073.5 : 55189.1 : 55140.2

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