Silver climbed helped by speculative buying and strong retail bullion demand. Silver prices were also supported by higher base metal prices. The Gold Silver ratio is closing the month at 49.39. This was the fifth down month in a move that started at 69.64.Silver opened the day at 41721 and made a low of 41603. Tracking strong gains in base metals and recovering equities, silver reached its high of 43434 late in the session. Quiet profit taking took the metal to its close at 43198.Now technically market is trading in the range as RSI for 18days is currently indicating 67.68, where as 50DMA is at 38039 and silver is trading above the same and getting support at 42056 and below could see a test of 40914 level, And resistance is now likely to be seen at 43887, a move above could see prices testing 44576.

Trading Ideas:

Silver trading range is 40914-44576.

Silver climbed helped by speculative buying and strong retail bullion demand

Silver is having resistance at 43380 and support at 43000 level.

In spot silver looks to have a support at 27.80$ and resistance at 28.35$.