Silver jumped almost 150/kg taking cue from gold, silver perked up overnight, commencing at 29346, before slipping to a low of 29325 as gold retreated. The metal gradually recovered through the morning, attaining a high of
29598 on strength in base metals before profit-taking by funds restricted the metal to a close of 29524.

The gold/silver ratio has come under pressure as sliver outperforms, Pushing the ratio back towards 66. Following the steep uptrend reversal in the ratio, silver is due for a period of outperformance, but congestion in the 29700 to
29850 region will prove challenging. Now technically market is trading in the range as RSI for 18days is currently indicating 58.96, whereas 50DMA is at 29023.44 and silver is trading above the same and getting support at 29367 and below could see a test of 29209 level, And resistance is now likely to be seen at 29640, a move above could see prices testing 29755.

Trading Ideas:

Silver trading range is 29161-29707.

Silver yesterday ended higher tracking firm prices of gold and base metals

Gold/silver ratio has come under pressure as sliver outperforms

In spot silver looks to take support at 18.12$ and resistance at 18.72$

BUY SILVER SEPT @ 29350-400 SL 29220 TGT 29520-29610-29735.MCX

Silver $ FIX is at : 18.54 & CURRENTLY SILVER $ IS TRADING AT : 18.37 & UP BY 0.05%