Silver settled the weekend up from its weeks lows, taking their cues from gains in gold prices. The precious metals often trade in the same direction because of similar investor interest, and gold benefited from increased safe-haven buying after softer-than-expected GDP figures from the United States. Silver surged past its 200-day moving average, but like gold, silver did not reach downtrend resistance (at 28980) and thus failed to nullify the metal's trend weakness. On a weekly basis, silver looks more stable however, and is not showing the same degree of impulse to the downside as gold. Now support for the silver is seen at 28617 and below could see a test of 28597. Resistance is now likely to be seen at 28664, a move above could see prices testing 28691.

Trading Ideas:

Silver trading range is 28597-28691.

Silver settled the weekend up from its weeks lows  tracking gold and copper prices

Silver is taking resistance at 28780 and support is at 28510.

In spot silver looks to take support at 17.80$ and resistance at 18.12$