Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELLposition.Positionally Immediate support for Silver is 46361.Resistance for the Silver is 48006-48098-48424-48699-49172-50287-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in down trend so buy above 47261.0 The sell will again come if below 46547.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 47002.3 with a stop at 46563.9 Below 46480.3 go for sell
Intraday Resistance of SILVER are 46899.2 : 47030.5 : 47065.9 : 47111
Intraday Support of SILVER are 46582.8 : 46451.5 : 46417.3 : 46372.5
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