Silver fell leading the precious metals lower on a lack of interest in refuge assets amid stabilizing markets elsewhere. Traders were also likely cashing out of silver to make a profit, as the metal remains within striking distance of recent highs. Silver opened at 28739, before achieving a high of 28829. The commodity was later impaired, triggering latent stops, to a low 28486 after stalking gold lower. The metal mobilized a close of 28573, taking a cue from recuperating base metals. Now support for the silver is seen at 28430 and below could see a test of 28286. Resistance is now likely to be seen at 28773, a move above could see prices testing 28972.

Trading Ideas:

Silver trading range is 28286-28972.

Silver fell on a lack of interest in refuge assets amid stabilizing markets elsewhere

Silver is taking resistance at 28770 and support is at 25430.

In spot silver looks to take support at 17.42$ and resistance at 17.76$