Silver traded in a range in a quiet session as U.S. markets were closed. However, that further consolidation is expected short-term as investors assess the current economic situation. Now technically market is trading in the range as RSI for 18days is currently indicating 43.04, where as 50DMA is at 29286 and silver is trading below the same and getting support at 28623 and below could see a test of 28534 level, And resistance is now likely to be seen at 28831, a move above could see prices testing 28950.

Trading Ideas:

Silver trading range is 28534-28950.

Silver traded in a range in a quiet session as U.S. markets were closed

Silver is taking resistance at 28840 and support is at 28560.

In spot silver looks to have a support at 17.52$ and resistance at 17.98$

SELL SILVER SEPT @ 28800-850 SL 28980 TGT 28690-28570-28465.MCX