Silver yesterday gained with gold on safe haven buying. Silver yesterday crossed 30000 mark but failed to sustain the same. Silver opened the day at 29460. Declines in crude and base metals saw Silver trade to its intraday low of 29365. Renewed buying interest as equities gained took Silver to its intraday high of 30050. Light range trading for the remainder of the day saw the metal close at 29942.Now support for the silver is seen at 29521 and below could see a test of 29101. Resistance is now likely to be seen at 30206, a move above could see prices testing 30471.

Trading Ideas:

Silver trading range is 29101-30471.

Silver closed higher tracking firmness in gold prices

Silver is taking resistance at 29660 and support is at 29360.

In spot silver is having resistance at 19.38$ and support is at 19.78$

BUY SILVER @ 29700-760 SL 29600 TGT 29840-29920-29980.MCX