Silver yesterday ended flat due to lack of cues from market. Silver traded in the very tight range and again yesterday failed to break 29000 level. Only a break above 29000 level some jump is expected till 29200 level. After a restful weekend, silver commenced the session at 28886, before ascending to a high of 28940 on potent gold and base metals. The metal later retreated to a low of 28760 as the dollar gained before consolidating the day at 28887. Now support for the silver is seen at 28785 and below could see a test of 28682. Resistance is now likely to be seen at 28965, a move above could see prices testing 29042.

Trading Ideas:

Silver trading range is 28682-29042.

Silver yesterday ended flat due to lack of cues from market

Silver is taking resistance at 28785 and support is at 28965.

In spot silver looks to take support at 17.82$ and resistance at 18.16$