Silver edged higher on some positive industrial sentiment that outweighed the lack of safe-haven demand on a quiet day for U.S. equities. Silver opened the day at 29031 on dollar resilience, before it slipped to a low of 28962. The metal later mounted a response, receiving a confidence boost from avaricious funds that entered the metal on improving gold and base metals, sending it to a high of 28229. The commodity was depleted closing at 29135.Now support for the silver is seen at 28965 and below could see a test of 28795. Resistance is now likely to be seen at 29302, a move above could see prices testing 29469.

Trading Ideas:

Silver trading range is 28795-29469.

Silver yesterday ended positive despite weakness in gold and other metals

Silver is taking resistance at 29300 and support is at 28965.

In spot silver looks to have support at 18.02$ and resistance at 18.48$