Silver ended the week firm getting some clues from gold. Silver traded most of the in the tight as its is trading in the same range of 28700-29200 from last some days. Silver closed the week lower at 29039, continuing to alternate between up and down weeks for the last 7 sessions.

The silver market remains in a very strong 'sideways' trend around this 29200 level, so it is not surprising that many of our key moving averages come in near 18200. The gold/silver ratio has posted a strong up week from 65.33 to current 67.07, with next topside resistance seen at 67.95. Now support for the silver is seen at 29026 and below could see a test of 29014. Resistance is now likely to be seen at 29050, a move above could see prices testing 29062.

Trading Ideas:

Silver trading range is 29014-29062.

Silver ended the week firm getting some clues from gold

Silver is taking resistance at 29180 and support is at 28900.

In spot silver looks to take support at 17.88$ and resistance at 18.28$