Silver yesterday showed a volatile session felling towards downside and ended down tracking heavy weakness in gold and base metal prices as the dollar strengthened. Now technically market is trading in the range as RSI for 18days is currently indicating 50.09, where as 50DMA is at 28391 and silver is trading above the same and getting support at 28470 and below could see a test of 28208 level, And resistance is now likely to be seen at 29134, a move above could see prices testing 29536. Spread between Silver JUL & SEP contacts yesterday ended at 105. Spread yesterday traded in the range of 71 - 127.

Trading Ideas:

Silver trading range is 28208-29536.

Silver ended down tracking heavy weakness in gold and base metal as dollar strengthened

Silver is taking resistance at 28880 and support is at 28640.

In spot silver looks to take support at 17.78$ and resistance at 18.22$

SELL SILVER JULY @ 29000 SL 29265 TGT 28860-28720-28560.MCX