Silver ended positive yesterday tracking the overall firm trend in global markets on the back of positive economic numbers. Now technically market is trading in the range as RSI for 18days is currently indicating 73.56, where as 50DMA is at 29447.62 and silver is trading above the same and getting support at 31352 and below could see a test of 31242 level, And resistance is now likely to be seen at 31535, a move above could see prices testing 31608. Spread between Silver DEC & MAR contacts yesterday ended at 94. Spread yesterday traded in the range of 66 - 101.

Trading Ideas:

Silver trading range is 31242-31608.

Silver ended positive tracking the overall firm trend in global markets

Silver is taking resistance at 31535 and support is at 31350.

In spot silver is having support at 19.60$ and resistance at 19.94$