Silver settles flat falling from its high tracking weakness in base metals prices. Silver from last few days trading in a range of 28700-29200. Today again a jump above 29000 level is expected till 29080-29150 level Silver opened at 29010, before lapsing to a low of 28713. Aroused by alluring gold and base metals, the commodity later accrued to a high of 29099, until fund-selling drove the metal to a close of 28984. Now support for the silver is seen at 28765 and below could see a test of 28546. Resistance is now likely to be seen at 29151, a move above could see prices testing 29318.

Trading Ideas:

Silver trading range is 28546-29318.

Silver settles flat falling from its high tracking weakness in base metals prices.

Silver is taking resistance at 29150 and support is at 28765.

In spot silver looks to take support at 18.05$ and resistance at 18.45$