Silver yesterday showed a volatile day with positive node tracking firmness of gold and crude prices. Still silver above 29000 mark looking firm only but some profit booking can be seen till 29450 level. Now technically market is trading in the range as RSI for 18days is currently indicating 61.73, where as 50DMA is at 28336.82 and silver is trading above the same and getting support at 29364 and below could see a test of 29124 level, And resistance is now likely to be seen at 29799, a move above could see prices testing 29994.Spread between Silver JUL & SEP contacts yesterday ended at 86. Spread yesterday traded in the range of 72 - 144.

Trading Ideas:

Silver trading range is 29031-29449.

Silver yesterday ended positive tracking higher gold prices

Silver is taking resistance at 29725 and support is at 29480.

In spot silver looks to take support at 18.32$ and resistance at 18.64$

BUY SILVER JULY @ 29450-520 SL 29350 TGT 29600-29712-29850.MCX