Silver faltered as worries about Greek finances boosted the U.S. dollar. Silver opened the day at 27465. Declines in base metals and crude saw the metal trade to an intraday low of 27187. Late session buying as crude recovered from earlier declines saw the metal close at 27412. Now support for the silver is seen at 27204 and below could see a test of 26996. Resistance is now likely to be seen at 27603, a move above could see prices testing 27794.

Trading Ideas:

Silver trading range is 26996-27794.

Silver faltered as worries about Greek finances boosted the U.S. dollar

Silver is taking resistance at 27280 and support is at 27540.

In spot silver looks to take support at 17.80$ and resistance at 18.18$.

BUY SILVER MAY @ 27280-320 SL 27200 TGT 27370-27465.MCX

ILVER $ FIX IS AT : 17.98 & CURRENTLY SILVER $ IS TRADING AT : 17.96 & DOWN BY 0%