Silver prices slipped on reduced off-take at existing higher levels, amid weak global cues. Trading sentiments turned bearish, as retailers refrained from buying at a high cost and waited for the prices to go down to lower levels. Now technically market is trading in the range as RSI for 18days is currently indicating 65.97, where as 50DMA is at 37168.94 and silver is trading above the same and getting support at 41620 and below could see a test of 41447 level, And resistance is now likely to be seen at 41930, a move above could see prices testing 42067.

Trading Ideas:

Silver trading range is 41447-42067.

Silver prices slipped tracking weak global cues

Silver is having resistance at 41620 and support at 41930 level.

In spot looks to have a resistance at 27.78$ and support at 27.26$.