SILVER TREND FOR TODAY- 27-Sep-2013

Silver is in long- term bull phase .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is inHOLD SHORT position.Positionally Support for the Silver is 46317-45380-.Resistance for the Silver is 49568-49889-50574-52364-

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 49508.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 49354.7 with a stop at 48233.8 Below 47925.8 go for sell
Intraday Resistance of SILVER are 49256.1 : 49768.4 : 48970.4 : 49016.4
Intraday Support of SILVER are 48021.9 : 47509.6 : 48308.7 : 48263

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