Silver has tumbled lower the week to current 17.00 versus last weeks 18.43. We are very close to significant December support at 16.76. A break of 16.76 opens the risk of a 38.2% Fibo move to 15.29 (from the 8.54 to 19.46 up move). Expect sellers next week toward 17.65. The Gold Silver ratio had a strong up move this week from 60.77 low to current 64.15. Significant resistance is seen at 65.16 the December high and 50% Fibo of the 71.91 to 58.41 down move. Now support for the silver is seen at 26662 and below could see a test of 26584. Resistance is now likely to be seen at 26786, a move above could see prices testing 26832.

Trading Ideas:

Silver trading range is 26300-27150.

Silver has tumbled lower the week to current 17.00$ versus last weeks 18.43$

Silver is having resistance at 26880 level on MCX and 17.12$ in spot.

Support for the silver is at 26610 level.

BUY SILVER MAR @ 26700-750 SL 26620 TGT 26802-26865-26980.MCX