Silver ended with gains rising with the help of a stronger euro. Silver has continued to respect its strong uptrend off of the February low, testing (and bouncing) higher off of trend support on Wednesday. The top of the January range at 18.85 remains the largest near-term hurdle while the aforementioned trend support comes in at 17.92. With the move above the previous April high achieved on the 12th (at 18.60), it looks as though silver's upside momentum is still intact. Now support for the silver is seen at 28097 and below could see a test of 27896. Resistance is now likely to be seen at 28423, a move above could see prices testing 28548.

Trading Ideas:

Silver trading range is 27896-28548.

Silver ended with gains rising with the help of a stronger euro.

Silver is taking resistance at 28440 and support is at 28260.

In spot silver looks to take support at 18.38$ and resistance at 18.84$

BUY SILVER JUL @ 28100 SL 27970 TGT 28184-28265-27380.MCX