Silver is in long- short-medium- short- term bull phase .Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 48721-48614-48565-48516-46524-.Resistance for the Silver is 51120-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so either sell of or keep stop at49434 so better sell and enter at lower level 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 is advised above 50145.4 with a stop at 49220.2 Below 48978.5 go for sell
Intraday Resistance of SILVER are 49861.2 : 50110.4 : 49895.5 : 49942
Intraday Support of SILVER are 49260.8 : 49011.6 : 49227.6 : 49181.5
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