Silver eased, encountering some chart-based selling that eluded gold as the latter finished slightly higher. Now technically market is trading in the range as RSI for 18days is currently indicating 63.94, where as 50DMA is at 27066.86 and silver is trading above the same and getting support at 28137 and below could see a test of 27953 level, And resistance is now likely to be seen at 28570, a move above could see prices testing 28819.

Spread between Silver DEC & MAR contracts yesterday ended at 334, we have seen yesterday that the silver market had traded with a negative node and settled -1.02% down. Spread yesterday traded in the range of 334 - 419.

Trading Ideas:

SILVER TRADING RANGE IS 27800-28750.

SILVER EASED ENCOUNTERING SOME CHART-BASED SELLING AND TRACKING WEAK CRUDE PRICES

BUY SILVER DEC @ 28400-425 SL 28300 TGT 28490-28565-28620-28710.MCX

SILVER IS HAVING SUPPORT AT 28180 AND RESISTANCE AT 28440.

SILVER ABV 18.58$ LOOKS TILL 18.70 ELSE SUPPORT IS AT 18.36$ LEVEL