Silver gained on stronger equities, trading on its industrial-metal properties. The metal also gained as a precious metal with gold on safe-haven buying amid concerns about Greece's sovereign debt. Silver opened at 28485 and moved higher as good buying entered the market. However this move lost steam and the metal retreated to an intraday low of 28353. Silver later rallied on the back of stronger oil prices and the buying continued as equity markets moved higher.

The metal peaked at 28680 just before the trading day came to a close and finally settled at 28665. Now support for the silver is seen at 28452 and below could see a test of 28239. Resistance is now likely to be seen at 28779, a move above could see prices testing
28893.

Trading Ideas:

Silver trading range is 28150-29000.

Silver yesterday gained tracking stronger copper and crude oil prices

Silver is having resistance at 28790 level on MCX and 18.88$ in spot.

Today base metal look to have some pull back that can drag the prices lower overall look strong.

SELL SILVER MAR BELOW 28620 SL 28740 TGT 28580-28525-28470. MCX