Silver tumbled when gold suffered from a largely chart-based sell-off. Technically, silver held up better, though, remaining above Tuesday's low even though gold fell to its weakest level in nearly two weeks. The ratio has been falling the past two weeks with a low on the move seen yesterday at 63.92. Silver opened at 27056 and the metal turned bid, climbing on the back of stronger oil prices and a softening USD, peaking at 27309. Investors later dumped the metal, quickly pulling silver off its highs. It stayed well offered for the remainder of the session, falling to a low of 26472 and later closed just above its lows at 26546. Now

support for the silver is seen at 26242 and below could see a test of 25939. Resistance is now likely to be seen at 27079, a move above could see prices testing 27613

Trading Ideas:

Silver trading range is 25939-27613.

Silver tumbled when gold suffered from a largely chart-based sell-off

Silver is taking support at 26430 and resistance at 26680 level.

The ratio has been falling the past two weeks with a low seen yesterday at 63.92

BUY SILVER MAY @ 26200-26240 SL 26060 TGT 26290-26370-26430.MCX