Silver rose with gold on safe-haven buying amid disappointing U.S. economic indicators. Silver opened at 29223 and made a low of 29129. Riding on the back of fervid gold throughout the day, silver surged to a high of 29620, as mercenary funds continued to rush into the metal. The commodity faded slightly late in trading to finish the day at 29489. Now support for the silver is seen at 29205 and below could see a test of 28922. Resistance is now likely to be seen at 29696, a move above could see prices testing 29904.

Trading Ideas:

Silver trading range is 29395-29531.

Silver yesterday rose with gold on safe-haven buying

Silver is taking resistance at 29620 and support is at 29340.

In spot silver looks to take support at 18.54$ and resistance at 18.96$

BUY SILVER JULY @ 29350 SL 29200 TGT 29425-29510-29590.MCX