Silver ended the day higher tracking higher base metal prices. Firming trend at spot markets on the back of rising demand for the festive and marriage season also supported the prices. As usual silver has been underperforming during the correction just like it has been outperforming during the recent rally. Friday’s silver pattern highlights indecision in the market, with a doji being formed on the charts. This is likely reflecting the risk leading into this weekend's G20 meetings. Silver's weekly chart is less bearish than gold's. Now support for the silver is seen at 34794 and below could see a test of 34413. Resistance is now likely to be seen at 35376, a move above could see prices testing 35577.

Trading Ideas:

Silver trading range is 34413-35577.

Silver ended the day higher tracking higher base metal prices

Silver is having resistance at 35320 and support at 35000 level.

In spot silver looks to have a support at 23.02$ and resistance is at 23.56$