Silver prices rose as a strong economic forecast sparked hope that demand for industrial metals would grow next year. As told silver above 44000 level silver looks till 44250-44400 same is seen, again a jump towards 44600-44850 is expected. The world's largest silver-backed exchange-traded fund, iShares Silver Trust, said its holdings eased to 10,903.34 tonnes by Dec 17 from a record high of 10,964.14 tonnes hit on Dec 14. Silver is closing higher this week at current 44343. The bull market remains firm with 4 month trend line at 43200. Key price support is seen at 43800 with resistance now at 44800 and recent highs 45150. Now support for the silver is seen at 43989 and below could see a test of 43636. Resistance is now likely to be seen at 44558, a move above could see prices testing 44774.

Trading Ideas:

Silver trading range is 43636-44774.

Silver prices rose last week as strong economic forecast sparked hope that demand would grow

Silver is having resistance at 44555 and support at 44120 level.

Holdings at ishares silver trust fell by 60.80 tonnes to 10903.34 tonnes