Silver finished higher on a day when gold was flat. As is the case with other metals with industrial uses, silver is benefitting from hopes that economic improvement will help spur demand. Silver opened the day at 27749. With gains in copper, Silver rose to an early session intraday high of 27835. The metal traded to an intraday low of 27665 as crude and copper reversed earlier gains. Quiet late session trading saw the metal close at 27730.Now support for the silver is seen at 27652 and below could see a test of 27573. Resistance is now likely to be seen at 27822, a move above could see prices testing 27913.

Trading Ideas:

Silver trading range is 27573-27913.

Silver is benefitting from hopes that economic improvement will help spur demand

Silver is taking resistance at 27860 and support is at 27610.

In spot silver looks to take support at 18.14$ and resistance at 18.42$.

BUY SILVER MAY @ 27700-730 SL 27640 TGT 27760-27812.MCX (EVE WEAK)

SILVER $ FIX IS AT : 18.35 & CURRENTLY SILVER $ IS TRADING AT : 18.27 & UP BY 0.11%