Silver settled the week down as base metal fell amid strong dollar. Silver again important is 29000 mark above this some rally is expected till 29200 level. The metal has been range trading since the beginning of July between 28000 and 29600. Friday’s down move didn't trigger any sell signals, which leaves the metal poised for further range trading next week. Support lies at 28530, while resistance comes in initially at intraday congestion of 29000 followed by 29260. Now support for the silver is seen at 28841 and below could see a test of 28795. Resistance is now likely to be seen at 28915, a move above could see prices testing 28943.

Trading Ideas:

Silver trading range is 28795-28943.

Silver settled the week lower tracking weakness in base metal prices

Silver is taking resistance at 29000 and support is at 28740.

In spot silver looks to take support at 17.80$ and resistance at 18.14$