Silver yesterday again showed a volatile session and ended down tracking weakness in gold and base metal prices. As told silver some fall can be seen same happened yesterday still silver above 29000 mark looks firm till 295000 level again.

Silver opened the day at 29597. after opening higher silver made a high of 29715 on rupee weakness. Silver quickly traded to its low of 29083 as base metals and crude declined. A recovery in base metals after seemingly strong domestic May auto sales rekindled investor interest, taking Silver to a close of 29231. Now support for the silver is seen at 28971 and below could see a test of 28711. Resistance is now likely to be seen at 29603, a move above could see prices testing 29975.

Trading Ideas: Silver trading range is 28711-29975. Silver yesterday ended down tracking weakness in gold and base metal prices Silver is taking resistance at 29360 and support is at 29080. In spot silver looks to take support at 18.22$ and resistance at 18.58$ BUY SILVER JULY ABV 29260 SL 29050 TGT 29320-29440-29570. MCX