Silver pared all its gains and ended steady after rising along with gold prices as euro-zone debt concerns eased and the dollar fell. It may have been held back by some concerns over industrial demand in the second quarter. Silver opened at 26051 on MCX. The metal rallied early, reaching an intraday high of 26295 before it was dragged lower. Silver was directionless for the remainder of session, trading within a range and finally closing at 26061. Now support for the silver is seen at 25910 and below could see a test of 25760. Resistance is now likely to be seen at 26253, a move above could see prices testing 26446.

Trading Ideas:

Silver trading range is 25600-26400.

Silver ended steady after rising along with gold prices as euro-zone debt concerns eased

As per the chart silver had taken support at 16$ now a jump till 16.88$ can be seen before a fall.

Silver above 26000 mark look to touch the important resistance at 26380 in the today’s session
BUY SILVER MAR ABV 26100 SL 25990 TGT 26156-26222-26280. MCX