Silver ended down as the market took a breather after recent solid gains. Silver again a jump above 29000 level can be seen till 29080-29200 level. Silver opened the day at 29200 and persevered to a high of 29394, as fund-procurement amplified. The metal later retreated to a low of 28776 as the greenback assailed, before consolidating the session at 28961.Now support for the silver is seen at 28693 and below could see a test of 28426. Resistance is now likely to be seen at 29311, a move above could see prices testing 29662.

Trading Ideas:

Silver trading range is 28426-29662.

Silver yesterday ended down on profit booking

Silver is taking resistance at 29110 and support is at 28780.

Holdings at ishares silver trust fell by 3.81 tonnes to 9181.48 tonnes