Silver is
bearish for medium-long term .Currently Silver is in strong uptrend and the
trend is supported with good volume The open interest is not increasing with
trend . Cautious point is buying at higer levels seems decreasing. The
oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is
58933-58618-58256-.Resistance for the Silver is 60280-60389-60654-
Short term and Intraday Level of SILVER
Currently
Silver is in BUY position In short term Silver is in
strong up trend so hold with stop at 59288 The Silver is now trading is
approaching overbought level. The oscillator is on SELL signal and Silver is
coming down from overbought level
Intraday Trend- Buy is advised above 60393.2 with a stop at 59170.6 Below 58843.4 go for sell with a stop at 60064.7
Intraday Resistance of SILVER are 59893.7/60123.4/60006.9/60129.5
Intraday Support of SILVER are 59340.3/59110.6/59031.1/58909.7
Intraday Trend- Buy is advised above 60393.2 with a stop at 59170.6 Below 58843.4 go for sell with a stop at 60064.7
Intraday Resistance of SILVER are 59893.7/60123.4/60006.9/60129.5
Intraday Support of SILVER are 59340.3/59110.6/59031.1/58909.7
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