Silver jumped as optimistic sentiment gleaned from the day's corporate earnings and economic data points boosted industrial commodities. Silver opened the day slightly lower at 28777 dipping to its intraday low 28625. Rallies in base metals and crude, on improved earnings forecasts, saw Silver trade to its intraday high of 29120. Following gold, silver settled into quiet range trading for the remainder of the session eventually closing at 29022. Now support for the silver is seen at 28725 and below could see a test of 28427. Resistance is now likely to be seen at 29220, a move above could see prices testing 29417.

Trading Ideas:

Silver trading range is 28427-29417.

Silver jumped as optimistic sentiment gleaned from the day's corporate earnings

Silver is taking resistance at 29160 and support is at 2880.

In spot silver looks to take support at 17.92$ and resistance at 18.28$