Silver is in long- term bull phase .Currently Silver is in strong downtrend 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 Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 46771-45580-.Resistance for the Silver is 49476-49644-50163-51440-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 50215.0 with stop at 46866.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 50148 with a stop at 47859.6 Below 47163.5 go for sell and put stop at 49449.2
Intraday Resistance of SILVER are 49220 : 49690.7 : 48984.4 : 49030.5
Intraday Support of SILVER are 48086 : 47615.3 : 48322.7 : 48277
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