Silver settled higher on a day that gold did likewise and the dollar softened. Global ETF holdings declined some last week, showing some let-up in investment demand. Silver opened the day on its lows at 27778. Buying interest came in as the Dollar weakened, taking the metal back up to its highs at 28230.

At that point took Silver to a close of 27847. Now support for the silver is seen at 27667 and below could see a test of 27486. Resistance is now likely to be seen at 28129, a move above could see prices testing 28410.

Trading Ideas:

Silver trading range is 27486-28410.

Silver yesterday settled higher as the dollar softens

Silver is taking resistance at 27980 on MCX and in spot looks to have resist at 18.36$.

Silver import to Gujarat has gone down by 70.2 per cent.

BUY SILVER MAY @ 27600-660 SL 27520 TGT 27735-27812-27920.MCX