Silver ended down on Saturday on profit booking after prices on Friday due to uncertainty in international market on Egypt crisis. Silver is showing as a small up week at current 42999. This latest down leg has travelled from 46700 to 41300. We see the 38.2% at 40800 as a key support. Topside resistance comes in at pivot 43400.

The Gold Silver ratio is closing lower this week at 48.03. Over the past 4 weeks the ratio has moved up from December 46.00 to this weeks high 49.61. We see last weeks low of 47.04 as an important pivot. Now support for the silver is seen at
42871 and below could see a test of 42742. Resistance is now likely to be seen at 43233, a move above could see prices testing 43466.

Trading Ideas: Silver trading range is 42742-43466. Silver ended down on Saturday on profit booking after prices due to uncertainty in Egypt. Silver looks to take support at 42820 level and resistance at 43240 level. In spot silver looks to get resistance at 28.32$ and support at 27.68$ level.