Silver prices continued to decline due to consistent selling from stockists and speculators as well as subdued industrial demand amidst bearish overseas trend. Now technically market is trading in the range as RSI for 18days is currently indicating 46.19, where as 50DMA is at 43978.32 and silver is trading below the same and getting support at 43420 and below could see a test of 43130 level, And resistance is now likely to be seen at 44015, a move above could see prices testing 44320.

Trading Ideas:

Silver trading range is 43130-44320.

Silver prices continued to decline due to consistent selling

Silver looks to take support at 43500 level and resistance at 43880 level.

In spot silver looks to take support at 28.18$ and resistance at 28.52$

SELL SILVER MAR @ 44060 SL 44250 TGT 43920-43810-43680.MCX