Silver yesterday ended firm tracking firmness in base metal and crude oil counter. Silver with more industrial uses than gold fared better, also rose on better-than-expected U.S. manufacturing and construction data. Silver opened its low at 28721. The metal was later galvanized by euphoric gold and base metals to a high of 29197 on enhanced fund bidding before dollar revival knocked the commodity to a close of 28990.Now support for the silver is seen at 28742 and below could see a test of 28493. Resistance is now likely to be seen at 29218, a move above could see prices testing 29445.

Trading Ideas:

Silver trading range is 28493-29445.

Silver yesterday ended firm tracking firmness in base metal and crude oil counter

Silver is taking resistance at 29120 and support is at 29820.

In spot silver looks to take support at 18.20$ and resistance at 18.58$