SILVER TREND FOR TODAY- 20-Dec-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal and has moved down its previous low. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 43454.Resistance for the Silver is 44601-44811-44971-46767-47818-48876-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below42838.6 Buy if above 45665.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 44903.1 with a stop at 43309.9 Below 42838.6 go for sell
Intraday Resistance of SILVER are 44251.1 : 44633.3 : 45267.7 : 44183.7 : 44227.5
Intraday Support of SILVER are 43486.9 : 43104.7 : 42470.3 : 43555.4 : 43512

 

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