Monday 7 October 2013

SILVER TREND FOR TODAY- 08-Oct-2013

Silver is in long- short- 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 .. The oscillator is on BUY Signal and Silver is recovering from oversold level For short term Silver is in HOLD SHORTposition.Positionally Support for the Silver is 49098-48761-47001-45671-.Resistance for the Silver is 50441-50860-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver is moving sideways with low volatality so short term investor better to buy if close above 49899.0 close below 46866.0 sell will happen. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 51383.2 and Sell if below47883.4
Intraday Resistance of SILVER are 50036.7 : 50443.3 : 51118.4 : 49964.7 : 50011.2
Intraday Support of SILVER are 49223.3 : 48816.7 : 48141.6 : 49296.4 : 49250.2

 

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