Silver prices rebounded after prices fell over 4 percent in last session on fresh buying by speculators, influenced by a firming trend overseas. Expectations the US Federal Reserve would inject more funds to bolster the global economies, raised the appeal of precious metals as an alternative to currencies. The Gold Silver ratio has dropped to 48.32. The ratio continues to consolidate near multi year lows. Now technically market is trading in the range as RSI for 18days is currently indicating 62.73, where as 50DMA is at 39538.42 and silver is trading above the same and getting support at 43272 and below could see a test of 42853 level, And resistance is now likely to be seen at 44003, a move above could see prices testing 44315.

Trading Ideas:

Silver trading range is 42853-44315.

Silver prices rebounded on fresh buying by speculators

Silver is having resistance at 43920 and support at 43280 level.

In spot silver looks to have a support at 28.44$ and resistance at 29.12$