Silver bucked gold's lower trend and posted a rise. Traders confident in an economic recovery might favor silver due to its greater industrial uses. Silver opened at 27864 and retreated as the trading day began, slipping to 27686. It quickly turned bid and climbed on the back of investor demand. It managed to rally to an intraday high of 28020 before mild profit taking took it lower. It ticked sideways within a range for the rest of the day; finally settling at 27960.Now support for the silver is seen at 27757 and below could see a test of 27555. Resistance is now likely to be seen at 28091, a move above could see prices testing 28223.

Trading Ideas:

Silver trading range is 27450-28450.

Silver bucked gold's lower trend and ended higher as per expectation

Silver today look to have some pull back to test support at 27650-27580 level.

Silver is spot getting support at 17.98$ and resistance at 18.26$.

SELL SILVER MAR @ 27850-880 SL 27980 TGT 27790-27722-27645-27570.MCX