Silver ended flat due to less liquidity in the market and minimal physical buying ahead of the year end. The prices to remain in a range though the overall trend will be positive on weakness in dollar and in the course of persistent European debt crisis and Korean crisis. Silver opened the day at 44375 and eventually trading down to a low of 44354. The metal later climbed reaching an intraday high of 44435 on short covering. Range trading for the remainder of the session took us to a close of 44420. Now technically market is trading in the range as RSI for 18days is currently indicating 63.46, where as 50DMA is at 41726 and silver is trading above the same and getting support at 44371 and below could see a test of 44322 level, And resistance is now likely to be seen at 44452, a move above could see prices testing 44484.

Trading Ideas:

Silver trading range is 44322-44484.

Silver ended flat due to less liquidity in the market and minimal physical buying

Silver is having resistance at 44560 and support at 44300 level.

In spot silver looks to have a resistance at 29.48$ and support at 28.96$