Silver opened the day at 28538. Trading in line with crude and base metals, Silver reached an intraday high of 28600. Profit taking took the metal the metal lower triggering resting stops around 28400 eventually trading down to its intraday low of 28009. Light late session buying interest saw Silver close at 28466.Now support for the silver is seen at 28117 and below could see a test of 27767. Resistance is now likely to be seen at 28708, a move above could see prices testing 28949.

Trading Ideas:

Silver trading range is 27767-28949.

Silver lost its ground with gold but recovered losses tracking firmness in copper prices.

Silver is taking resistance at 28580 and support is at 28320.

In spot silver looks to have a support at 18.36$ and resistance is at 18.68$

BUY SILVER JUL @ 28400-460 SL 28280 TGT 28535-28610-28700.MCX