Silver ended higher as investors poured into exchange traded funds in search of cheaper safe-haven assets. Holdings in the iShares Silver Trust jumped 127.81 tonnes, the biggest gain in nearly 10 months, to 9,509.55 tonnes. The Gold Silver ratio continues to grind lower at current 61.24. We see support at the 2010 low of 60.77 with a break yielding 2009 low of 58.41.Now support for the silver is seen at 32113 and below could see a test of 31801. Resistance is now likely to be seen at 32613, a move above could see prices testing 32801.

Trading Ideas:

Silver trading range is 31801-32801.

Silver ended higher as investors poured into exchange traded funds

Silver is taking resistance at 32610 and support is at 32115.

In spot silver looks to have a resistance at 21.30$ and support at 20.96$