Silver followed gold higher as investors bought the metal to help allay some fears about European financial problems. Silver advanced slightly overnight, opening the session at 29157, before pursuing gold to a low of 29048. The commodity steadily progressed as funds increased buying on strength in equities, pushing the silver to its high at 29563. Finally it to close for the day at 28422.Now support for the silver is seen at 29126 and below could see a test of 28829. Resistance is now likely to be seen at 29641, a move above could see prices testing 29859.

Trading Ideas:

Silver trading range is 28829-29859.

Silver yesterday ended higher tracking higher gold prices

Silver is taking resistance at 29560 and support is at 29280.

In spot silver looks to take support at 18.22$ and resistance at 18.52$

BUY SILVER JUL @ 29250-300 SL 29100 TGT 29380-29450-29570.MCX