Silver opened at 27870 on MCX. Investor demand carried the metal higher during the early morning, finding resistance at 28000. Silver retreated as the dollar took back lost ground, falling to an intraday low of 27805. However the metal was resilient and turned well bid, climbing for the remainder of the day, peaking at 28133.

It ticked sideways during the latter end of the session; closing near its highs at 28064. Now support for the silver is seen at 27868 and below could see a test of 27673. Resistance is now likely to be seen at 28196, a move above could see prices testing
28329.

Trading Ideas:

SILVER TRADING RANGE IS 27650-28400.

SILVER FINISHED HIGHER TRACKING STRONG GOLD AND COPPER PRICES

BUY SILVER DEC ON DIP @ 27880-920 SL 27800 TGT 27990-28068-28156.MCX

BULLION MKT OVERRAN IN LAST 10DAYS SLV BLW 18.02$ LOOK HAVE PULLBACK TILL 17.56$

IMP WILL BE THE 27760 MARK A BREAK BELOW COULD SEE TILL 27360-27100 LVL.

Commodity Analysis by Kedia Commodity, India's Premium Research House, Mumbai. Check out more commodity reviews at KediaCommodity. com