Silver rose bouncing off their low on bargain buying. Enough worry remains about the strength of the global recovery to keep support under precious metals prices as refuge assets. Silver opened the day at 28620, before fading to a low of 28461. Deriving impetus from flourishing gold and base metals, the commodity prospered to a high of 28668, before edacious funds seized profits, curtailing the metal to a close of 28630.Now support for the silver is seen at 28505 and below could see a test of 28379. Resistance is now likely to be seen at 28712, a move above could see prices testing 28793.

Trading Ideas:

Silver trading range is 28379-28793.

Silver rose bouncing off their low on bargain buying

Silver is taking resistance at 28710 and support is at 28505.

In spot silver looks to take support at 17.52$ and resistance at 17.88$