SILVER TREND FOR TODAY- 25-Jun-2013

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 .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 40408.Resistance for the Silver is 42938-43172-43535-43994-45543-47801-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 41518.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 41620.0 but caution- close Below low5 fresh selling can occur The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 41475.6 with a stop at 40473.5 Below 40194.6 go for sell
Intraday Resistance of SILVER are 41254.2 : 41603 : 41137.7 : 41179.9
Intraday Support of SILVER are 40413.8 : 40065 : 40531.5 : 40489.6

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