SILVER UPDATES

Positionally Support for the Silverm is 44271-.Resistance for the Silverm is 44997-46291-47663-48704-49343
Silver trend is bearish hold short positions

SILVER UPDATES

Positionally Immediate support for Silverm is 43751.Resistance for the Silverm is 45149-46031-47240-48129-48543-49968

SILVERM RES 44287.5 : 44400 : 44467.7 : 44511.6

SILVERM SUP 44016.5 : 43904 : 43837.4 : 43793.8

SILVER UPDATES

Position.Positionally Immediate support for Silverm is 43751.Resistance for the Silverm is 45433-46320-47464-48282-48524-50065

SILVERM RES 44602.7 : 44938.6 : 44513.9 : 44557.8

SILVERM SUP 43793.3 : 43457.4 : 43883.2 : 43839.7

Wait for call....

SILVER UPDATES

Positionally Immediate support for Silverm is 44387.Resistance for the Silverm is 46767-47401-48318-48361-48720-50408

SILVERM RES      45620.4 :       45995 :     45488.4 :     45532.7

SILVERM SUP      44717.6 :       44343 :     44850.8 :     44806.7

INTRADAY SELL SILVER AROUND 45300, 45400 TGT 45000, 44700 SL 45650

SILVER UPDATES

Silverm is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory, Positionally Support for the Silverm is 47398-.Resistance for the Silverm is 48980-49053-49352-49970-50161

SILVERM RES 49120.5 : 49673.7 : 48784.7 : 48830.7

SILVERM SUP 47787.5 : 47234.3 : 48124.4 : 48078.8

SILVER UPDATES

 MCX Silver Dec : Sell around 48300 levels with a stop loss placed above 48800 levels for targets of 47000 levels

SILVER UPDATES

Positionally Support for the Silverm is 47252-.Resistance for the Silverm is 48971-49300-49328-49786-50467-

SILVER UPDATES

Positionally Support for the Silverm is 49221-48911-48672-48573-46844-.Resistance for the Silverm is 51149

SILVERM RES 50639.8 : 51141 : 50372.1 : 50418.8

SILVERM SUP 49432.2 : 48931 : 49701 : 49654.7

INTRADAY SELL SILVERM 49220 TGT 49000, 48700 SL 49500

SILVER UPDATES

SILVERM RES 49868.8 : 50211.4 : 49790.1 : 49836.6

SILVERM SUP 49043.2 : 48700.6 : 49123 : 49076.9

INTRADAY SELL SILVERM 49600 TGT 49300,49000 SL 50060

SILVER UPDATES

Silverm is in profit booking mode so either sell of or keep stop at49446 so better sell and enter at lower level The Silverm is now trading is approaching overbought level

SILVERM RES 49873.8 : 50118.4 : 49913.6 : 49960

SILVERM SUP 49284.2 : 49039.6 : 49245.6 : 49199.4

SELL 49750 TGT 49400, 49100 SL 5020

SILVER UPDATES

Currently Silverm is in strong uptrend and the trend is supported with good volume, 

Buy is advised above 50277.5 with a stop at 49463.6 Below 49192.6 go for sell with stop at 50105.5

SILVERM RES 50231.1 : 50643.7 : 50069.1 : 50115.6
SILVERM SUP 49236.9 : 48824.3 : 49400 : 49353.8

SILVER UPDATES

SILVERM RES 50461.4 : 50734.7 : 50468.4 : 50515.2

SILVERM SUP 49802.6 : 49529.3 : 49796.7 : 49750.3

Positionally Support for the Silverm is 48709-48488-48441-48247-46484-.Resistance for the Silverm is 51366

INTRADAY LEVELS

Buy is advised only above 50000 with a stop at 49600

SILVERM RES 50305.8 : 50706.7 : 51372.1 : 50240.7 : 50287.

SILVERM SUP 49504.2 : 49103.3 : 48437.9 : 49570.5 : 49524.2

SILVERM INTRADAY LEVELS

Silverm is in strong up trend so hold with stop at 47623

SILVERM RES 49688.6 : 50096.6 : 49530.3 : 49576.6

SILVERM SUP 48705.4 : 48297.4 : 48864.9 : 48818.9

SILVER TREND & INTRADAY LEVELS

 Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 49471.4....

SILVERM TREND & INTRADAY LEVELS

Intraday Resistance of SILVERM are 49962.5 : 50338.9 : 50963.8 : 49920.6 : 49967.1

Intraday Support of SILVERM are 49209.5 : 48833.1 : 48208.2 : 49252.5 : 49206.4

SILVERM TREND & INTRADAY LEVELS

Intraday Resistance of SILVERM are 51385.5 : 51960.3 : 51031.3 : 51078.3

Intraday Support of SILVERM are 50000.5 : 49425.7 : 50355.8 : 50309.2

TODAYS SILVER NEWS

Intraday Trend- Sell if open below 51501.6 with stop loss at 53009 or sell below 50853.7 Buy only above 53659.5 Intraday Resistance of SILVERM are 52882.8 : 53511.5 : 54555.3 : 52597.4 : 52645.2 Intraday Support of SILVERM are 51625.2 : 50996.5 : 49952.7 : 51911.7 : 51864.3

Silver news

Intraday Trend- Buy is advised only above 42220.9 with a stop at 40960.1 Below 40596 go for sell and put stop at 41855.4 Intraday Resistance of SILVER are 41736 : 42009 : 41712.8 : 41755.3 Intraday Support of SILVER are 41078 : 40805 : 41102.3 : 41060.2

Silver news

Intraday Trend- Buy is advised above 42336.1 with a stop at 41071.9 Below 40706.8 go for sell with stop at 41969.6

Intraday Resistance of SILVER are 41885.8 : 42251.6 : 42858.9 : 41826.2 : 41868.8

Intraday Support of SILVER are 41154.2 : 40788.4 : 40181.1 : 41214.9 : 41172.7

Silver news

Intraday Trend- Buy is advised only above 42424.8 with a stop at 41241.8 Below 40903.9 go for sell and put stop at 42085.6

Intraday Resistance of SILVER are 42001.6 : 42340.1 : 42902.1 : 41969.7 : 42012.4

Intraday Support of SILVER are 41324.4 : 40985.9 : 40423.9 : 41357.4 : 41315.1

Silver Technical Analysis

Silver Technical Analysis - Prices are testing support at the bottom of a bearish Flag pattern (), with a break downward on a daily closing basis targeting the 23.6% Fibonacci expansion at 19.03. Near-term resistance is at 20.59, the July 23 high, followed by the Flag top at 20.93.

silver news

Intraday Trend- Buy is advised only above 41732.2 with a stop at 40812.7 Below 40561.8 go for sell and put stop at 41480.3

Intraday Resistance of SILVER are 41648.9 : 42066.4 : 41450.8 : 41493.2
Intraday Support of SILVER are 40643.1 : 40225.6 : 40842.3 : 40800.3

Silver Technical Analysis

Silver Technical Analysis (Spot) - Prices are pulling back from resistance at 20.73, the 38.2% Fibonacci retracement, to retest a recently broken barrier at 20.13. A break back below that eyes a rising trend line at 19.48. Alternatively, a move above resistance eyes the 50% Fib at 21.51.

SILVER NEWS & TREND

Intraday Trend- Buy is advised only above 41663.7 with a stop at 40703.1 Below 40438.4 go for sell and put stop at 41397.9

Intraday Resistance of SILVER are 41223.8 : 41368 : 41354.5 : 41396.8

Intraday Support of SILVER are 40876.2 : 40732 : 40746.7 : 40704.7

Silver news

Currently Silver is in SELL position Silver is moving sideways so short term investor better to buy only above 42444.0 with stop at 40312.0 The oscillator is showing BUY signal 

Intraday Trend- Buy is advised above 42012.5 with a stop at 41110.3 Below 40865.5 go for sell

Intraday Resistance of SILVER are 41928.6 : 42335.8 : 41743.9 : 41786.4
Intraday Support of SILVER are 40947.4 : 40540.2 : 41133.2 : 41091

Silver Technical Analysis news

Silver Technical Analysis (Spot) - Prices are pulling back from resistance at 20.73, the 38.2% Fibonacci retracement, to retest a recently broken barrier at 20.13. A break back below that eyes a rising trend line at 19.48. Alternatively, a move above resistance eyes the 50% Fib at 21.51.

Daily Chart - Created Using FXCM Marketscope 2.0

MCX Silver Sep : Sell around 41200 level

MCX Silver Sep : Sell around 41200 levels with a stop loss placed above 42000 levels for targets of 40200 levels

Silver news

Trend updated for-Jul/23/2013.CMP-42234 Overall trend of the Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position and closed above 1 month high with volume signals up breakout.Positionally Support for the Silver is 41827-40837-40577-40360-.Resistance for the Silver is 42949-44461-

Short term and Intraday Level of SILVER

Intraday Trend- is in intraday buy level better buy above 42917.3 or in low buy above 41553.1 Target is 43516.1 next 44510.2 Below 40956.6 trend reversal can occur so keep long stop at 40956.6

Intraday Resistance of SILVER are 42803.1 : 43372.3 : 44317 : 42542.8 : 42585.7
Intraday Support of SILVER are 41664.9 : 41095.7 : 40151 : 41926.3 : 41883.7

Silver Technical Analysis

Silver Technical Analysis (Spot) - Prices are consolidating below resistance at 20.22. Near-term trend line support is at 19.18, with a break below that targeting the 23.6% Fibonacci expansion at 18.70. Alternatively, a break above resistance aims for the 38.2% Fib retracement at 20.73.

Daily Chart - Created Using FXCM Marketscope 2.0

(http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2013/07/18/Commodities_Gold_Crude_Oil_Remain_Focused_on_Bernanke_Commentary.html)

Silver news

MCX Silver May Contract is looking negative for the day. Market may find support near 51300 & 50800; intraday resistance can be seen near 52100 & 52600. Day traders are advised to sell intraday on rise. (Sell around 52100 with SL 52600, for the target of 51300 & 50800.)

Silver news

Trend updated for-Apr/12/2013.CMP-51674 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Silver above 54557 or buy with strict stop at 50221. The oscillator is showing BUY signal For short term Silver is in SELL position.Positionally Support for the Silver is 51367-.Resistance for the Silver is 52524-53367-54205-55781-56578-

Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 52486.8 with stop at 51070.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 52486.8 with a stop at 51217.3 Below 50864 go for sell and put stop at 52132.1
Intraday Resistance of SILVER are 52045.1/52353/52047.6/52161.7
Intraday Support of SILVER are 51302.9/50995/51139.1/51026

Silver news

Trend updated for-Apr/11/2013.CMP-51775 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Silver above 54557 or buy with strict stop at 50221. The oscillator is showing BUY signal For short term Silver is in SELL position.Positionally Support for the Silver is 51506-.Resistance for the Silver is 52690-53498-54324-55867-56694-

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 51233 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 52589.4 with a stop at 51317.4 Below 50963.4 go for sell with stop at 52234
Intraday Resistance of SILVER are 52273.1/52686.5/52326.8/52441.3
Intraday Support of SILVER are 51276.9/50863.5/51415.8/51302.5

SILVER News

MCX SILVERInternational: Major Support at USD28. Bearish below USD28.
Domestic: Buy at 52150, Stoploss 51950, Target 52550.

Silver news

Trend updated for-Apr/10/2013.CMP-52163 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 .. 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 51684-.Resistance for the Silver is 52848-53611-54455-55959-56800- Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 51195 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 52983.5 with a stop at 51702 Below 51345.3 go for sell with a stop at 52625.4 Intraday Resistance of SILVER are 52520.4/52877.8/53471.1/52381.4/52495.9 Intraday Support of SILVER are 51805.6/51448.2/50854.9/51469.9/51356.6

Silver news

MCX Silver May Contract is looking negative for the day. Market may find support near 50900 & 50400; intraday resistance can be seen near 51600 & 52100. Day traders are advised to sell intraday on rise. (Sell around 51600 with SL 52100, for the target of 50900 & 50400.)

Silver news

Trend updated for-Apr/09/2013.CMP-51224 Overall trend of the Silverm is bearish for medium-long term .Currently Silverm is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silverm is in SELL position.Positionally Immediate support for Silverm is 50253.Resistance for the Silverm is 52319-53071-53750-54696-56123-56980-

Currently Silverm is in HOLD LONG position In short term Silverm is in strong up trend so hold with stop at 51084 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 51907.3 with a stop at 50832.3 Below 50543 go for sell with stop at 51616.9
Intraday Resistance of SILVERM are 51551/51822.4/51795.2/51909
Intraday Support of SILVERM are 50897/50625.6/50888.8/50776.1

Silver news

Bullion: Domestic gold trading higher a similar rise in the COMEX. Gold prices jumped Friday after a weaker-than-expected U.S. payroll report sparked fresh hopes for an extended period of gold-friendly stimulus from the U.S. Federal Reserve. Economists surveyed by Dow Jones Newswires had forecast that nonfarm payrolls would rise by 200,000 and the unemployment rate would hold steady at 7.7 percent.

MCX May Silver's weakness continues and it declined to as low as 50423 and finally closed at 51570 levels, down by 3% on W-o-W basis. It is visible from the chart that silver prices are traveling in a descending channel, which is signifies the bearish trend which would be intact until it breaches the channel on the upside.

However, during the initial session of the week there is a possibility for a mild pull back towards the channel resistance of 52200 levels, which one can unitize for creating fresh shorts. Key momentum indicator RSI has gone into sell mode and MACD is still trading below signal line which supports the view.

Action - Sell
Entry - Near 52200-52250
Target - 50500
Stop - 53110

Silver news

Trend updated for-Apr/08/2013.CMP-51570 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 . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 50221.Resistance for the Silver is 52579-53251-53866-54714-56135-57023-

Currently Silver is in HOLD SHORT position Silver is moving sideways with low volatality so short term investor better to buy if close above 52847.0 close below 50423.0 Sell will happen. The Silver is now trading is approaching oversold level. The oscillator is on BUY Signal and Silver is recovering from oversold level
Intraday Trend-Intraday better to buy above 52725.6 and Sell if below50418.6
Intraday Resistance of SILVER are 51703.4/51814/51959.2/52073.3
Intraday Support of SILVER are 51436.6/51326/51051.4/50938.5

Silver news

Trend updated for-Apr/08/2013.CMP-51570 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 . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 50221.Resistance for the Silver is 52579-53251-53866-54714-56135-57023-

Currently Silver is in HOLD SHORT position Silver is moving sideways with low volatality so short term investor better to buy if close above 52847.0 close below 50423.0 Sell will happen. The Silver is now trading is approaching oversold level. The oscillator is on BUY Signal and Silver is recovering from oversold level
Intraday Trend-Intraday better to buy above 52725.6 and Sell if below50418.6
Intraday Resistance of SILVER are 51703.4/51814/51959.2/52073.3
Intraday Support of SILVER are 51436.6/51326/51051.4/50938.5

Silver news

Trend updated for-Apr/06/2013.CMP-51479 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 . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 50221.Resistance for the Silver is 52845-53461-53990-54851-56220-57133-

Currently Silver is in SELL position Silver is showing some Up momentum So buy above 51367.0 with stop at 50423.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 52156.1 with a stop at 51090.1 Below 50804.2 go for sell and put stop at 51869
Intraday Resistance of SILVER are 51930.6/52305.5/51727.2/51841
Intraday Support of SILVER are 51027.4/50652.5/50821.5/50708.8

Silver news

Trend updated for-Apr/05/2013.CMP-50955 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 . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 50221.Resistance for the Silver is 53114-53652-54130-54988-56307-57242-

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 51790.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 52236.9 with a stop at 50265.4 Below 49677.8 go for sell and put stop at 51646.9
Intraday Resistance of SILVER are 51242/51480.1/51312.7/51426
Intraday Support of SILVER are 50668/50429.9/50410.6/50298.4

Silver news

Trend updated for-Apr/04/2013.CMP-50722 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 50221.Resistance for the Silver is 53432-53869-54281-55138-56396-57357-

Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 52516.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 51998.1 with a stop at 50035.6 Below 49450.6 go for sell
Intraday Resistance of SILVER are 51004.3/51286.5/51755.1/51317.1/51430.4
Intraday Support of SILVER are 50439.7/50157.5/49688.9/50414.9/50302.7

Spot silver rates trading mixed

Spot silver rates were trading mixed in major metros in India. In Ahmedabad market, Pure silver (999 purity) was down by Rs 560 to Rs 50700 and in Delhi market, it was up by Rs 500 to Rs 51750.

Spot Silver Rates for 1 KG in major metros in India:

City	Silver 999	Change (Rs)
Mumbai (Apr 04)	52520	-50
Ahmedabad (Apr 04)	50700	-560
Chennai (Apr 04)	51600	-100
Delhi (Apr 04)	51750	500
Jaipur (Apr 04)	51800	400

Silver news

Bullion: Gold futures were trading lower on local bourses tracking the weakness in COMEX contracts and as the rupee rose against the dollar. On COMEX, a strong dollar against the euro pressurised the precious metal. Silver futures were down on local exchanges due to the rangebound trend in COMEX futures and a strong rupee
 MCX Silver May Contract is looking negative for the day. Market may find support near 51100 & 50600; intraday resistance can be seen near 51600 & 52100. Day traders are advised to sell intraday on rise. (Sell around 51600 with SL 52100, for the target of 51100 & 50600.)

Silver news

Silver prices are expected to trade weak till 50000, one can sell on rise around 51700 maintaining a stop loss above 52600.

Silver news

Trend updated for-Apr/03/2013.CMP-51473 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 . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 51049.Resistance for the Silver is 53868-54101-54405-55292-56502-57457-

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 53233.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 52451.9 with a stop at 50933.8 Below 50497.6 go for sell

Intraday Resistance of SILVER are 51910.1/52347.2/53072.8/52314.4/52428.9
Intraday Support of SILVER are 51035.9/50598.8/49873.2/51403.6/51290.3

Silver news and trend

Trend updated for-Apr/02/2013.CMP-52725 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Silver Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 51219.Resistance for the Silver is 54155-54289-54501-55434-56602-57560-

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 53634.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 54051.5 with a stop at 52011.5 Below 51403.4 go for sell

Intraday Resistance of SILVER are 53107.1/53424.3/53304.1/53419.6
Intraday Support of SILVER are 52342.9/52025.7/52384.6/52270.2

silver news and trend

MCX Silver May : Sell around 52600 levels with a stop loss placed above 53000 levels for targets of 51600 levels.

Sell Silver around Rs 53300-53400: Nirmal Bang

Gold prices are expected to trade within the range from 29850 to 30200 one can initiate a buy with a stop loss below 29800. Prices are expected to test 30200 on higher end.

Silver prices are expected to trade weak, one can sell around 53300 53400 maintaining a stop loss above 54000.

Copper prices are expected to trade weak one can sell on rise maintain a stop loss above 415. Prices are expected to test 403-400.

Nickel prices are expected to witness a sideways move from 900 to 920 one can trade within the range.

Lead prices are expected to trade within the range from 112.50 to 115.50. One can trade within the range.

Crude prices are expected to witness long liquidation one can sell on rise around 5340-5350 with a stop loss above 5410.

silver news and trend

Trend updated for-Apr/01/2013.CMP-53072 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum 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 oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 51219.Resistance for the Silver is 54354-54425-54541-55536-56671-57647-

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 53933.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 53792.7 with a stop at 52353.8 Below 51741.7 go for sell

Intraday Resistance of SILVER are 53685.3/54298.6/55316.7/53159.1/53274

Intraday Support of SILVER are 52458.7/51845.4/50827.3/52240.9/52126.7

Technical Updates

MCX Silver May : Buy around 53900 levels with a stop loss placed below 53500 levels for targets of 54500 levels.

Silver prices are expected to trade within a range from Rs 53500 to Rs 54300

Silver prices are expected to trade within a range from Rs 53500 to Rs 54300, one can expect a bounce till Rs 54300. prices are expected to trade weak.

Silver trend 28/03/2013

Trend updated for-Mar/28/2013.CMP-54062 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum 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 53037.Resistance for the Silver is 54542-54558-54620-55744-56790-57823-

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 54255.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 54727.9 with a stop at 53676.1 Below 53398.3 go for sell and put stop at 54449

Intraday Resistance of SILVER are 54560.7/54974.7/54285.3/54401.9
Intraday Support of SILVER are 53563.3/53149.3/53357.3/53241.9

Silver trend 26/03/2013

Trend updated for-Mar/26/2013.CMP-54212 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum 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 oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 53400.Resistance for the Silver is 54574-54576-54724-55903-56892-58009-

Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below53546.5 Buy if above 55100.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 54879.8 with a stop at 53825 Below 53546.5 go for sell
Intraday Resistance of SILVER are 54613.1/54946.1/54521.3/54638.1
Intraday Support of SILVER are 53810.9/53477.9/53591.3/53475.7

MCX Silver (April): Sell- Rs 54500-54700, stoploss- Rs 55000, target- Rs 53800.

MCX Silver (April): Sell- Rs 54500-54700, stoploss- Rs 55000, target- Rs 53800.

SILVER prices on MCX declined. At 10:49 hrs MCX SILVER May contract was trading at Rs 53970 down Rs 242, or 0.45%. The SILVER rate touched an intraday high of Rs 54210 and an intraday low of Rs 53967. So far 2511 contracts have been traded. SILVER prices have moved down Rs 11531, or 17.60% in the May series so far.
At 10:49 hrs MCX SILVER July contract was trading at Rs 55145 down Rs 235, or 0.42%. The SILVER rate touched an intraday high of Rs 55287 and an intraday low of Rs 55140. So far 164 contracts have been traded. SILVER prices have moved down Rs 9865, or 15.17% in the July series so far.

At 10:46 hrs MCX SILVER September contract was trading at Rs 56353 down Rs 256, or 0.45%. The SILVER rate touched an intraday high of Rs 56468 and an intraday low of Rs 56353. So far 25 contracts have been traded. SILVER prices have moved down Rs 966, or 1.69% in the September series so far.

MCX silver

MCX silver continues to trade in a narrow band of 55500 to 53890 since couple of weeks now which is very much reflected by the Bollinger bands which have narrowed a lot. At present silver is trading near the downtrend line resistance failing to surpass it can get it back to the lower end of the channel i.e. 50500 levels, hence one needs to be quite cautious on long side from hereon. The sell signal will be triggered below 53890 levels only, hence till it is trading in a range the positional traders should avoid any positions, whereas the momentum traders can sell around higher end and buy around lower end. Above 55500 it will clearly provide a breakout on the upside which can then take prices till Rs 58360 to Rs 59000 levels

Silver trend 25/03/2013

Trend updated for-Mar/25/2013.CMP-54125 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in uptrend but volume is unsatisfactory 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 53676.Resistance for the Silver is 54519-54710-54808-56112-56983-58196- Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 55100.0 or hold with stop at 53972.0 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 54566.2 with a stop at 53850.9 Below 53685.1 go for sell Intraday Resistance of SILVER are 54403.7/54682.3/55144.9/54829.3/54946.5 Intraday Support of SILVER are 53846.3/53567.7/53105.1/53896.7/53780.7

Silver trend 22/03/2013

Trend updated for-Mar/22/2013.CMP-55063 Overall trend of the 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. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 54410-54321-54084-.Resistance for the Silver is 56222-57037-58290-

Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 55511.9 with stop at 54057.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 55511.9 with a stop at 54784.2 Below 54615.5 go for sell and put stop at 55342.5
Intraday Resistance of SILVER are 55590.9/56029/55240.1/55357.6
Intraday Support of SILVER are 54535.1/54097/54303.9/54187.5

Buy around 54200 with SL 53700, for the target of 54800 & 55300

MCX Silver May Contract is looking slightly positive for the day. Market may find support near 54200 & 53700; intraday resistance can be seen near 54800 & 55300. Day traders are advised to buy intraday on dips. (Buy around 54200 with SL 53700, for the target of 54800 & 55300.)

Buy silver

MCX Silver May Contract is looking slightly positive for the day. Market may find support near 54200 & 53700; intraday resistance can be seen near 54800 & 55300. Day traders are advised to buy intraday on dips. (Buy around 54200 with SL 53700, for the target of 54800 & 55300.)

Silver news

Trend updated for-Mar/21/2013.CMP-54331 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Silver above 55722 or buy with strict stop at 53373. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 54031-.Resistance for the Silver is 54736-54763-56310-57079-58362-

Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 54810.0 or hold with stop at 54057.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 54646.2 with a stop at 54119.5 Below 54016.6 go for sell
Intraday Resistance of SILVER are 54548.7/54729.4/54896.6/55013.8
Intraday Support of SILVER are 54113.3/53932.6/53963.4/53847.3

MCX SILVERM down 16% in June series so far

SILVERM prices on MCX were trading lower. At 11:03 hrs MCX SILVERM April contract was trading at Rs 54626 down Rs 109, or 0.20%. The SILVERM rate touched an intraday high of Rs 54699 and an intraday low of Rs 54585. So far 3771 contracts have been traded. SILVERM prices have moved down Rs 9453, or 14.75% in the April series so far.
At 11:03 hrs MCX SILVERM June contract was trading at Rs 55894 down Rs 112, or 0.20%. The SILVERM rate touched an intraday high of Rs 55965 and an intraday low of Rs 55854. So far 271 contracts have been traded. SILVERM prices have moved down Rs 10391, or 15.68% in the June series so far.

At 10:52 hrs MCX SILVERM August contract was trading at Rs 57050 down Rs 142, or 0.25%. The SILVERM rate touched an intraday high of Rs 57140 and an intraday low of Rs 57050. So far 5 contracts have been traded. SILVERM prices have moved down Rs 112, or 0.20% in the August series so far.

Silver trend 20/03/2013

Trend updated for-Mar/20/2013.CMP-54707 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Silver above 55722 or buy with strict stop at 53373. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 54353-54296-54064-.Resistance for the Silver is 56412-57121-58439

Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 55158.7 or hold with stop at 54057.0 The next resistance will be at 54810.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 55158.7 with a stop at 54427.1 Below 54256.7 go for sell and put stop at 54987.6
Intraday Resistance of SILVER are 55042.9/55321.7/55040.9/55158.2
Intraday Support of SILVER are 54371.1/54092.3/54106.5/53990.2

Silver news 19/03/2013

Trend updated for-Mar/19/2013.CMP-54321 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Silver above 55722 or buy with strict stop at 52411. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 52411.Resistance for the Silver is 54559-54666-54783-56506-57186-58507-

Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 54429.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 54769.5 with a stop at 54043.1 Below 53873.9 go for sell and put stop at 54599.6
Intraday Resistance of SILVER are 54594.5/54821.4/54778.1/54895.2
Intraday Support of SILVER are 54047.5/53820.6/53845.9/53729.9

Gold slightly higher on safe-haven buying

Gold futures are trading modestly higher in the early part of Tuesday’s Asian session as traders continue embracing the yellow metal’s status as a safe-haven investment.

On the Comex division of the New York Mercantile Exchange, gold futures for April delivery are up 0.01% at USD1,604.80 per troy ounce in Asian trading Tuesday after settling up 0.81% at USD1,605.50 a troy ounce in U.S. trading on Monday.

Gold futures were likely to test support USD1,590.80 a troy ounce, the earlier low, and resistance at USD1,619.40, the high from Feb. 26.

Traders scampered into gold Monday amid one slack U.S. data point and news that Cyprus, the tiny euro zone nation of just 1 million people, is flirting with bankruptcy and possible departure from the common currency program.

In U.S. economic news, the National Association of Homebuilders said its March Housing Market Index fell to 44 from 46 in February in what is the lowest reading since October. Analysts expected a March reading of 48.

The one-time tax taking aim at Cypriot bank deposit holders as part of a EUR10 billion bailout deal sent the euro falling amid fears unease may grow since smaller depositors will be affected, which sparked a rally in gold markets.

The bank deposit levy was approved last week by the 16 other euro zone members and the International Monetary Fund, but on Sunday Cyprus delayed a vote on the measure. The plan has rankled non-euro zone members, including Russia. Cyprus is home to large Russian bank deposits.

Elsewhere, Comex silver for May delivery added 0.19% to USD28.928 per ounce while copper for May delivery advanced 0.41% to USD3.427 per ounce.

Sell MCX Silver May fut near Rs 54750-54830: Way2Wealth

Way2Wealth has come out with its report on Silver. According to the research firm, one can sell MCX Silver May futures near Rs 54750-54830 for a target price of Rs 53340 with a stop loss of Rs 55275.

Last week MCX Silver May futures continued to stay in range, but by the end of the week a breakdown through the “running triangular” pattern on daily charts has confirmed that silver has resumed its bearish trend. Further risk is built on down side towards the near-term support of 53340 levels, on flip below the same can extend towards 52710 also.

Nevertheless, any rise on upside will be capped at 54750 levels and bring some selling pressure from the same. Key momentum indicator RSI has gone in selling mode and MACD is still trading below signal line by supporting the view.

Strategy: Sell MCX Silver may futures near Rs 54750-54830 for a target price of Rs 53340 with a stop loss of Rs 55275.(Money control)

MCX Silver (May Fut)

MCX Silver (May Fut): sell at Rs 54900, Stoploss- Rs 55600, target- 54000.

Sell MCX Gold Apr Fut at Rs 29500: Emkay

MCX Gold (April Fut): sell at Rs 29500, Stoploss- Rs 29650, target- 29250

MCX Silver March

MCX Silver March: Sell around 54200 levels with a stop loss placed above 54600 levels for targets of 53500 levels.

Gold futures hold near 2-week high after Bernanke backs QE

Gold futures held near the previous session’s two-week high during European morning trade on Wednesday, as sentiment on the precious metal remained upbeat after Federal Reserve Chairman Ben Bernanke confirmed his commitment to monetary easing.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,611.90 a troy ounce during European morning trade, down 0.2% on the day.

Prices held in a tight trading range between USD1,608.90 a troy ounce, the daily low and a session high of USD1,614.40 a troy ounce. Comex gold prices rose to USD1,619.40 a troy ounce on Tuesday, the highest level since February 15.

Gold prices were likely to find support at USD1,554.80 a troy ounce, the low from February 21 and resistance at USD1,635.95, the high from February 15.

Gold prices posted their biggest one-day gain in three months on Tuesday after Fed Chairman Ben Bernanke downplayed worries that monetary stimulus measures in the U.S. will pump up inflation rates.

The comments helped ease concerns the central bank will end its asset-purchase program sooner-than-expected.

Gold prices plunged to a seven-month low last week after the minutes of the Fed’s January meeting showed that policymakers discussed the slowing or stopping of USD85 billion in monthly bond purchases even before the job market improves.

Meanwhile, investors were looking ahead to an auction of Italian five- and ten-year government bonds later in the session after the country’s general election resulted in a deadlock.

Italian election’s ended with no party or coalition in control of the Senate, raising the threat of a prolonged period of political instability and potentially reigniting the crisis in the euro zone.

Italian 10-bond yields rose to the highest level since December on Tuesday, climbing to 4.91% from 4.37% on Monday, while the yield on Spanish 10-year bonds rose to 5.5% from 5.1% on Monday.

Gold traders also eyed developments surrounding the USD85 billion in automatic U.S. spending cuts, known as sequestration, due to take effect on March 1 unless Congress and the White House find a way to reach an agreement.

Previous budget battles in Washington have rattled financial markets.

Elsewhere on the Comex, silver for May delivery shed 0.2% to trade at USD29.26 a troy ounce, while copper for May delivery ticked down 0.15% to trade at USD3.578 a pound.

SILVER NEWS

MCX Silver March Contract is looking negative for the day. Market may find support near 54700 & 54200; intraday resistance can be seen near 55300 & 55800. Day traders are advised to sell intraday on rise. (Sell around 55300 with SL 55800, for the target of 54700 & 54200.)