Silver slipped from the opening session from 44401 and eventually trading down to a low of 44011 holding support at 44000 marks. The metal later climbed reaching an intraday high of 44450 breaking the morning high on short covering. Range trading for the remainder of the session took us to a close of 44439. Silver technical support and resistance points lie at 44000 and 44670. The Gold and silver ratio looks poised to drop to the 2006 low of
44.08. now technically market is trading in the range as RSI for 18days is currently indicating 63.9, where as 50DMA is at 41552.56 and silver is trading above the same and getting support at 44144 and below could see a test of 43858 level, And resistance is now likely to be seen at 44583, a move above could see prices testing 44736

Trading Ideas:

Silver trading range is 43858-44736.

Silver also slipped but got support from copper and crude holding support above 44000 mark.

Silver is having resistance at 44583 and support at 44144 a break below the same can test 43860 level.

Since last 7days market is trading in the tight range of 44000-44700 level ahead of holidays.

SILVER WILL TRADE IN THE RANGE 44000-44600 RANGE WAIT FOR FRESH ENTRY. MCX