Silver gained with copper on optimism about Chinese appetite for industrial metals and as the U.S. dollar weakened. Silver opened at 27082 and moved quickly higher, peaking at 27258. It later lost momentum as investors unloaded the metal and it retreated to an intraday low of 26982. It trended higher as the metal followed stronger oil and copper, closing just below its highs at 27169. The Gold Silver ratio made fresh lows yesterday taking out previous support at 64.41 to current 64.17. Now support for the silver is seen at 27015 and below could see a test of 26860. Resistance is now likely to be seen at 27291, a move above could see prices testing 27412.

Silver trading range is 26860-27412.

Silver gained with copper on optimism about Chinese appetite for industrial metals weakened

Silver is taking support at 26940 on MCX and in spot support is at 17.26$

The Gold Silver ratio made fresh lows to current 64.04.

BUY SILVER @ 27060-27120 SL 26980 TGT 27180-27240-27320.MCX (EVE VOLATILE)