Silver ended firm on Saturday after falling Friday as investors take profits heavily on the coattails of gold. Now technically market is trading in the range as RSI for 18days is currently indicating 66.23, where as 50DMA is at 27767.9 and silver is trading above the same and getting support at 29613 and below could see a test of 29568 level, And resistance is now likely to be seen at 29734, a move above could see prices testing 29810.Spread between Silver JUL & SEP contacts yesterday ended at 100, we have seen yesterday that the silver market had traded with a positive node and settled 0.08% up. Spread yesterday traded in the range of 68 - 113.

Trading Ideas:

Silver trading range is 29568-29810.

Silver ended firm on Saturday after falling Friday as investors take profits heavily

Silver is taking resistance at 29520 and support is at 29790.

In spot silver looks to have a support at 19.10$ and resistance is at 19.38$.

BUY SILVER JUL ABV 29720 SL 29640 TGT 29780-29850-29970.MCX