Silver also moved in the positive zone as lifted by concerns over the outlook for the currency market as traders wait to see if a meeting of Euro group ministers will result in more support for debt-laden Greece. Yesterday market opened at 24485 and we have seen selling as the session began, washing out longs, dragging the metal to an intraday low of 24363. Silver later turned bid and good investor demand carried the metal higher for the remainder of the trading day, peaking at 24568. Profit taking during the tail end of the day took the metal lower, finally closing at 24529. now technically market is trading in the range as RSI for 18days is currently indicating 36.2, where as 50DMA is at 26637 and silver is trading below the same and getting support at 24405 and below could see a test of 24282 level, And resistance is now likely to be seen at 24610, a move above could see prices testing 24692.

Trading Ideas:

Silver trading range is 24282-24692.

Silver lifted over concerns on a meeting of Euro group ministers will result in more support for debt-laden Greece.

Silver later turned higher on demand carried the metal higher for the remainder of the trading day, peaking at 24568.

Silver holding support 24340 and resistance will be likely to get at 24680 levels.

BUY SILVER MAR @ 24480-510 SL 24370 TGT 24565-24600-24680-24735. MCX

SILVER $ FIX IS AT : 15.57 & CURRENTLY SILVER $ IS TRADING AT : 15.66 & UP BY 0.9%