Silver opened at 28400 and traded erratically within a range. Initial strength in the USD, was enough to convince investors to dump the metal, dragging it to a low of 28380. It recovered on the back of strong oil prices, peaking at 28631. It ticked sideways as the session unwound, finally closing at 28582.

Now support for the silver is seen at 28431 and below could see a test of 28280. Resistance is now likely to be seen at 28682, a move above could see prices testing 28782.

Trading Ideas:

SILVER TRADING RANGE IS 28000-29000.

SILVER YESTERDAY ENDED HIGHER ON RISING GOLD PRICES

BUY SILVER DEC @ 28400-450 SL 28300 TGT 28490-28565-28620-28710.MCX

SILVER IS HAVING SUPPORT AT 28460 AND RESISTANCE AT 28690.

SILVER ABV 18.94$ LOOKS TILL 19.16$ ELSE SUPPORT IS AT 18.64$ LEVEL