Silver yesterday showed volatile trading day and ended higher tracking firmness in gold and base metal prices. Silver opened the week slightly higher at 28540, its low for the day is at 28521. An uninspiring performance in early trading saw modest movement, before the metal jumped to a high of 28765. Silver closed the day slightly at 28719. Now support for the silver is seen at 28572 and below could see a test of 28424. Resistance is now likely to be seen at 28816, a move above could see prices testing 28912.

Trading Ideas:

Silver trading range is 28424-28912.

Silver yesterday ended higher tracking firmness in gold and base metal prices

Silver is taking resistance at 28840 and support is at 28580.

In spot silver looks to have a support at 17.70$ and resistance is at 18.06$.

SELL SILVER JULY BELOW 28700 SL 28865 TGT 28630-28570-28520.MCX