Silver yesterday traded within a tight range ending slightly in positive zone. Firmness in silver is as prices were supported by positive base metal and crude prices. Silver opened at 29350 as investors anticipated superior returns from riskier assets. The commodity hit a low of 29075 early in trading, before climbing progressively to a high of 29461 as funds reentered the metal. Silver breezed, eventually closing out the session at 29308.Now support for the silver is seen at 29102 and below could see a test of 28895. Resistance is now likely to be seen at 29488, a move above could see prices testing 29667.

Trading Ideas:

Silver trading range is 28895-29667.

Silver yesterday ended higher tracking firmness in base metal prices

Silver is taking resistance at 29420 and support is at 29260.

In spot silver looks to have a support at 18.26$ and resistance is at 18.64$.

BUY SILVER JUL @ 29050 SL 28950 TGT 29160-29280-29360.MCX