Silver is in long- term bull phase .Currently Silver is in strong downtrend with good momentum 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 HOLD SHORT position.Positionally Support for the Silver is 47768-46030-.Resistance for the Silver is 48403-48602-49147-51240-
Short term and Intraday Level of SILVER
Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in SELL position Silver is in sideways so for short term better buy above 49400.6 or hold with stop at 45951.0 The next resistance will be at 48853.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy if open above 48811.4 with a stop at 47442.9 Strong Buy above 49400.6 Below 46856.1 go for sell or sell if open below47442.9
Intraday Resistance of SILVER are 48714 : 49302 : 50278 : 48455.6 : 48501.4
Intraday Support of SILVER are 47538 : 46950 : 45974 : 47797.5 : 47752
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