Silver yesterday tested both support and resistance as support from base metals given the base, silver opened the day at 43643 tracking declines in crude early in the session, silver reached an intraday low of 43007 getting support of 43000 where buying interest was rejuvenated by strong gains in base metals, which took the metal to an intraday high of 43880 in the late session which ended the day soon after at 43781. now technically market is trading in the range as RSI for 18days is currently indicating 50.44, where as 50DMA is at 44163.46 and silver is trading below the same and getting support at 43232 and below could see a test of 42683 level, And resistance is now likely to be seen at 44105, a move above could see prices testing 44429.

Trading Ideas:

Silver trading range is 42683-44429.

Silver yesterday ended higher getting support from base metal prices

Silver looks to take support at 43520 level and resistance at 43980 level.

Holdings at ishares silver trust fell by 21.26 tonnes to 10405.17 tonnes

SELL SILVER MAR BELOW 43560 SL 43750 TGT 43380-43220-43080. MCX

Silver $ FIX is at : 28.32 & CURRENTLY SILVER $ IS TRADING AT : 28.65 & UP BY 0.49%