Silver fell along with gold as a strengthening dollar left less demand for precious metals as an alternative currency. Silver and gold would likely continue weaker unless news or economic data shakes investors' confidence in the dollar. Silver slumped amid an appreciating dollar, opening the week at 28882, before elevating to a high of 28905. The achievement expeditiously vanished through the session however as gold and base metals dithered, dragging the commodity to a low of 28654. The metal received a slight boost late in trading to close the day at 28811.Now support for the silver is seen at 28675 and below could see a test of 28539. Resistance is now likely to be seen at 28926, a move above could see prices testing 29041.

Trading Ideas:

Silver trading range is 28539-29041.

Silver fell along with gold as a strengthening dollar left less demand

Silver is taking resistance at 28925 and support is at 28675.

In spot silver looks to have a support at 17.72$ and resistance at 18.14$

BUY SILVER SEPT @ 28700-750 SL 28620 TGT 28810-28880-28940.MCX