Silver fared better than gold, with silver first rising along with gold and then holding onto more of its gain as chart-related buying boosted silver.  Silver opened on its lows at 27300 on MCX. However move quickly on the back of strong investor demand and remained bid, carrying it to an intraday high of 27688. It traded quietly within a range until the latter end of the session and retreated as the dollar went on the offensive, closing at 27638. Now support for the silver is seen at 27396 and below could see a test of 27154. Resistance is now likely to be seen at 27784, a move above could see prices testing 27930.

Trading Ideas:

Silver trading range is 27100-28200.

Silver as per expectation ended higher on chart based buying

Silver is having resistance at 27740 and support at 27480 level

Silver is spot getting support at 17.62$ and resistance at 17.92$.

BUY SILVER MAR ON DIP @ 27150-220 SL 27000 TGT 27265-27322-27380-27490.MCX