Silver made a fresh 30 year high in international and already trading high on domestic market after opening 46274 before slipping to a low of 46150 as gold retreated but support from base metal and crude had been seen clearly which made silver to trade higher and helped to test 46774 and settled at 46584 now technically market is trading in the range as RSI for 18days is currently indicating 70.85, where as 50DMA is at 42779.72 and silver is trading above the same and getting support at 46231 and below could see a test of 45879 level, And resistance is now likely to be seen at 46855, a move above could see prices testing 47127.

Trading Ideas:

Silver trading range is 45879-47127.

Silver made a fresh 30 year high in international and already trading high on domestic market

Silver is having resistance at 46720 and support at 46340 level.

In spot silver looks to have a resistance at 30.92$ and support at 30.54$

SELL SILVER MAR @ 46700-780 SL 46912 TGT 46568-46380-46158.MCX

Silver $ FIX is at : 30.63 & CURRENTLY SILVER $ IS TRADING AT : 30.75 & UP BY 0.23%