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MCX Silver Trend Today (21 may 2011) :-
Overall trend of the 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 . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position
Silver support and resistance :-
Immediate support for Silver is 50547.
Resistance for the Silver is 53830-54036-54795-56921-59473-60506
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