Silver did not get the same safe-haven boost as gold after debt ratings downgrades for Greece and Portugal, instead falling with other metals that rely heavily on industrial uses. Now technically market is trading in the range as RSI for 18days is currently indicating 56.7, where as 50DMA is at 27079 and silver is trading above the same and getting support at 27426 and below could see a test of 27292 level, And resistance is now likely to be seen at 27771, a move above could see prices testing 27982.

Trading Ideas:

Silver trading range is 27292-27982.

Silver yesterday ended down tracking weakness in crude and copper prices

Silver is taking resistance at 27680 and support is at 27420.

In spot silver looks to take support at 18.08$ and resistance at 18.36$.

SELL SILVER ON JUMP @ 27680-740 SL 27820 TGT 27560-27380.MCX