Silver also opened on its highs at 24501 and followed gold and base metal lower. Selling pressure had been seen after equity markets retreated and the dollar advanced against other major currencies. Silver fell to an intraday low of 24024 before good buying helped the metal recover. It ticked higher as oil rallied and the dollar later lost ground, traded quietly during the latter end of the session, finally settling at 24263. now technically market is trading in the range as RSI for 18days is currently indicating 32.05, where as 50DMA is at 26868.96 and silver is trading below the same and getting support at 23967 and below could see a test of 23670 level, And resistance is now likely to be seen at 24617, a move above could see prices testing 24970. Trading Ideas:

Silver trading range is 24246-24544.

Selling pressure had been seen after equity markets retreated and the dollar advanced against other major currencies.

Technically market is trading in the range as RSI for 18days is currently indicating 32.05

Silver holding support above 24000 a break will find the support at 23680 levels.

SELL SILVER @ 24560-600 SL 24740 TGT 24465-24370-24260. MCX

SILVER $ FIX IS AT : 0 & CURRENTLY SILVER $ IS TRADING AT : 15.42 & UP BY 1.58%