Silver is closing the week on its highs at 18.22$. The metal remains in a two month up channel off 14.68$. Topside resistance is seen at 18.60$ and then at 18.88$. The metal survived a test to the downside this week at 17.50$ and now looks poised to trade higher. The Gold Silver ratio ended last week on its highs at 64.17 but is closing this week on its lows at 63.36. The closest support for the ratio lies at 62.65 followed by 2010 low of 60.77. Now support for the silver is seen at 27645 and below could see a test of 27587. Resistance is now likely to be seen at 27744, a move above could see prices testing 27785.

Trading Ideas:

Silver trading range is 27587-27785.

Silver gained tracking firmness in other commodities.

Silver is taking resistance at 27840 and support is at 27580.

In spot silver looks to take support at 18.12$ and resistance at 18.42$.

BUY SILVER MAY @ 27700-725 SL 27620 TGT 27780-27840-27900.MCX