Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing SELL signal For short term Silver is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Silver is 44330-44205-44120-.Resistance for the Silver is 46001-47026-48594-
Short term and Intraday Level of SILVER
Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in SELL position Silver is in sideways and sellers was at high so for short term better buy above 46357.7 or hold with stop at 42435.0 The next resistance will be at 45500.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 46357.7 with a stop at 44799.6 Below 44341.9 go for sell and put stop at 45898.2
Intraday Resistance of SILVER are 45770.4 : 46192.8 : 46894 : 45668 : 45712.4
Intraday Support of SILVER are 44925.6 : 44503.2 : 43802 : 45029.1 : 44985
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Silver trading range for the day is 44674-46088.
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