Silver gained despite falling gold prices. The positive economic sentiment that decreased gold's safe-haven appeal helped silver because it is more widely used for industrial applications. Silver opened at 29112 as investors moved into riskier asset classes. Silver continued to trade lower on the strength in equities and reached a low of 28753. Despite following Gold’s lead, Silver was able to move higher on renewed strength in commodities to trade at a high of 29420. Silver prices held for most of the day, but faded towards the close to end the day at 29201.Now support for the silver is seen at 28829 and below could see a test of 28458. Resistance is now likely to be seen at 29496, a move above could see prices testing 29792.

Trading Ideas:

Silver trading range is 28458-29792.

Silver ended higher tracking firmnss in crude and copper prices

Silver is taking resistance at 29360 and support is at 29060.

In spot silver looks to take support at 18.02$ and resistance at 18.48$

SELL SILVER @ 29100-29150 SL 29312 TGT 29010-28942-28860.MCX