Silver yesterday again showed a volatile day and settled lower tracking weakness in crude prices. Prices are likely to slide more but some consolidation can be seen. Silver began the day at 28840, after diving overnight on dollar strength. The metal chased gold early in trading to a high of 28935, before being hit buy a fund-driven selloff, freefalling to a low of 28250. Silver experienced volatility throughout the trading day, as jittery investors caused prices to bounce around before the metal finally settled at 28538.Now support for the silver is seen at 28214 and below could see a test of 27889. Resistance is now likely to be seen at 28899, a move above could see prices testing 29259.

Trading Ideas:

Trading Ideas:

Silver trading range is 27889-29259.

Silver yesterday settled lower tracking weakness in crude prices

Silver was under pressure as compare with gold as getting pressure from crude and base metal.

In spot silver looks to have a support at 17.36$ and resistance is at 17.78$.

BUY SILVER JUL ABV 28600 SL 28480 TGT 28680-28770-28850.MCX