Silver yesterday traded in a very tight range but still ended firm tracking firmness in base metal prices later in the day. Silver opened at 29555, before slumping to a low of 29470 early in trading. The metal was subsequently energized as gold and base metals exploited an anemic dollar, eventually attaining a high of 29675, before ebbing late in trading to close at 29601.Now support for the silver is seen at 29491 and below could see a test of 29378. Resistance is now likely to be seen at 29696, a move above could see prices testing 29788.

Trading Ideas:

Silver trading range is 29378-29788.

Silver yesterday ended firm tracking firmness in base metal prices

Silver is taking resistance at 29740 and support is at 29460.

In spot silver is having support at 18.32$ and resistance at 18.74$

BUY SILVER SEPT @ 29400-460 SL 29300 TGT 29545-29612-29680.MCX