Silver yesterday moved in the tight range of 44250-44550 on mixed sentimental in the market basemetal metals where under pressure creating pressure whereas crude supporting the prices. Silver opened flat at 44461 after a quiet overnight session, Rising and falling in line with base metals, silver reached an intraday high of 44524 just after the open and then an intraday low of 44282 shortly afterwards in quiet trading silver closed at 44421 in range bound trading. Silver is trading above the same and getting support at 44294 and below could see a test of 44167 level, And resistance is now likely to be seen at 44536, a move above could see prices testing 44651.

Trading Ideas:

Silver trading range is 44167-44651.

Silver prices ended weak as expected getting pressure mixed trend in base metals

Silver is having resistance at 44700 and support at 44340 level.

In spot silver looks to have a resistance at 29.62$ and support at 29.05$

SELL SILVER MAR @ 44500-580 SL 44725 TGT 44380-44240-44120. MCX