Silver opened the day at 27230 and made a low of 27083. A slow rise higher throughout most of the day until a recovery in base metals and oil encouraged short covering, taking us quickly up to a high of 27560. We moved lower in late session trading taking us to a close of 27531. Now support for the silver is seen at 27223 and below could see a test of 26914. Resistance is now likely to be seen at 27700, a move above could see prices testing 27868.

Trading Ideas:

Silver trading range is 26914-27868.

Silver ended positive tracking positive gold and copper prices

Silver is taking resistance at 27680 and support is at 27410.

In spot silver looks to take support at 17.80$ and resistance at 18.22$.

SELL SILVER MAY @ 27510-27540 SL 27680 TGT 27450-27380-27310.MCX