Silver lost ground despite gold's rise. While gold gained as a safe-have on worries over Greek debt, silver declined as the concerns threw a bit of a wet blanket on optimism from recently positive economic data. Silver opened the day at 27380. Buyers had the metal rise up to an intraday high of 27443. Profit taking as Copper came off had silver retreat back and closed at 27278.

The gold/silver ratio has found support at the 62.50 point, reaching 63.15 yesterday. Now support for the silver is seen at 27191 and below could see a test of 27104. Resistance is now likely to be seen at 27404, a move above could see prices testing 27530.

Trading Ideas:

Silver trading range is 27104-27530.

Silver lost ground despite gold's rise tracking weakness in copper prices

Silver is taking support at 27140 and resistance is at 27410.

In spot silver looks to have resistance of 18.10$ and support is at 17.78$.

BUY SILVER MAY @ 27200-250 SL 27140 TGT 27300-27365-27440.MCX