SILVER TREND FOR TODAY- 03-Nov-2013

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 Silver is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 42685.Resistance for the Silver is 44646-45390-46747-47877-48484-49608-

Short term and Intraday Level of SILVER

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 44309.0 The Silver is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 43877.3 with a stop at 42537.9 Below 42149.9 go for sell
Intraday Resistance of SILVER are 43350.4 : 43688.8 : 44250.5 : 43323.7 : 43367
Intraday Support of SILVER are 42673.6 : 42335.2 : 41773.5 : 42701.5 : 42658.5

 

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