Silver yesterday ended higher tracking firmness in gold prices. Silver yesterday traded in tight range and failed to break 29000 level. Silver important level of 29000 level below this looks till 28920-28840 level else 29080-29160 is expected. Silver opened the day at 28780, lifted by gold despite the sorry performance of base metals, still reeling from investor negativity. As trading commenced, the metal slipped to a low of 28730 before climbing on the back of gold to a high of 28992. The metal concluded the day slightly lower 28939 on profit-taking by funds. Now support for the silver is seen at 28782 and below could see a test of 28625. Resistance is now likely to be seen at 29044, a move above could see prices testing 29149.

Trading Ideas:

Silver trading range is 28625-29149.

Silver yesterday ended higher tracking firmness in gold prices

Silver is taking resistance at 29045 and support is at 28780.

In spot silver looks to take support at 17.90$ and resistance at 18.26$