Silver traded in the range and settled with a little changed at 52670 after two sessions of losses as Fed Chairman Bernanke offered no hints on further stimulus and worries about the euro zone persisted. Fed Chairman Bernanke, in his second-day testimony to the Congress, again did not hint at new stimulus measures despite recent signs of tepid job market and a slow-down in economic growth. But groundbreaking on new US homes rose in June to its fastest pace in over three years, lending a helping hand to an economy that has shown worrisome signs of cooling. Comments from German Chancellor cited in a media report reignited worries about the euro zone, just as German lawmakers gather to vote on Berlin's contribution to a euro zone aid package for Spain's ailing banks. India's gold imports fell as prices inflated by a weak rupee and a 4% import duty encourage traders to use scrap. China has proposed to expand trading of precious metals to its vast interbank market from designated exchanges, in a bid to boost liquidity and help Beijing gain better pricing power amid growing appetite for commodities such as gold. Now technically market is getting support at 52487 and below could see a test of 52303 levels, And resistance is now likely to be seen at 52976.

SILVER

Silver trading range for the day is 52303-53281.

Silver traded in the range as Fed Chairman Bernanke offered no hints on further stimulus.

China has proposed to expand trading of precious metals to its vast interbank market from designated exchanges

India's gold imports fell as prices inflated by a weak rupee and a 4% import duty.

Silver is trading below 50DMA, which is at 54638, with intraday support seen at 52303 and resistance at 53281.

SELL SILVER SEPT @ 52850 SL 53050 TGT 52680-52500.MCX