Silver yesterday recovered some of its losses from lows to end nearly flat when global economic sentiment improved after strong euro-zone industrial production. Silver advanced over the weekend, opening at 29144, on the back of tenacious base metals that were catapulted higher by confidence in European growth. The metal accompanied gold throughout trading, attaining a high of 29400 early in the session, before retreating to a low of 29087 on continued strength in equities. The commodity closed the day slightly off its lows at 29126.Now support for the silver is seen at 29009 and below could see a test of 28891. Resistance is now likely to be seen at 29322, a move above could see prices testing 29517.

Trading Ideas:

Silver trading range is 28891-29517.

Silver recovered some of its lows when global economic sentiment improved

Silver is taking resistance at 29240 and support is at 29000.

In spot silver looks to take support at 18.08$ and resistance at 18.42$

BUY SILVER JULY @ 29100-125 SL 29000 TGT 29220-29300-29378.MCX