Silver yesterday settled lower tracking weakness in crude and base metal prices. Weak demand from industrial units and coins makers also weighed on silver prices. Silver commenced at 29325, and continued to a high of 29480 as the dollar retreated. The metal later diminished to a low of 29141 as base metals faltered before finishing the day at 29274 as fund buying improved. Now support for the silver is seen at 29117 and below could see a test of 28959. Resistance is now likely to be seen at 29456, a move above could see prices testing 29637.

Trading Ideas:

Silver trading range is 28959-29637.

Silver yesterday settled lower tracking weakness in base metal prices

Silver is taking resistance at 29460 and support is at 29120.

In spot silver looks to take support at 18.10$ and resistance at 18.44$