Silver is bearish for medium-long term .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 SELL signal For short term Silver is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 44720.Resistance for the Silver is 47074-47612-48219-48418-48782-50299-
Short term and Intraday Level of SILVER
Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 46063.0 The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 45609.8 with a stop at 44649.7 Below 44390.3 go for sell
Intraday Resistance of SILVER are 45518.7 : 45950.1 : 45317.8 : 45362
Intraday Support of SILVER are 44479.3 : 44047.9 : 44681.4 : 44637.4
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