Silver tracked higher with gold prices as the U. S. dollar weakened. Participants were buying back previously sold gold and silver positions. Silver opened at 29300, before decaying further to a low of 29020. In pursuit of burgeoning gold, the metal was rejuvenated on robust fund-buying, distending to a high of 29610. The commodity’s development was deflated somewhat late in trading, as it closed the day at 29487. Now support for the silver is seen at 29142 and below could see a test of 28786. Resistance is now likely to be seen at 29732, a move above could see prices testing 29966.

Trading Ideas:

Silver trading range is 28786-29966.

Silver tracked higher with gold prices as the U. S. dollar weakened

Silver is taking resistance at 29640 and support is at 29370.

In spot silver looks to take support at 18.48$ and resistance at 18.92$

BUY SILVER JULY @ 29300-340 SL 29212 TGT 29435-29512-29600.MCX