The Silver is in perfect uptrend .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 Silver is now trading in highly overbought level. The oscillator is showing SELL signal For short term The current position is BUY.
SILVER SUPPORT & RESISTANCE LEVELS :-
Support for the Silver is 68509-66017-62619-57903-54033-51561
Immediate resistance for Silver is 73140.
SILVER SHORT TERM TREND :-
Currently Silver is in HOLD LONG position Silver is in profit booking mode so either sell of or keep stop at 69929 so better sell and enter at lower level The oscillator is showing BUY signal.
SILVER INTRADAY TREND :-
Buy is advised above 73099.6 with a stop at 69145.1
Below 67924.1 go for sell
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