Silver yesterday ended down as per expectation tracking weakness in crude and base metals prices. As told silver trading in a range of 28700-29200 same is seen yesterday. Today again a jump above 29000 level is expected till 29100 level. Silver opened at 29025, and rose to a high 29171 on strength in gold and base metals. The commodity later slid, triggering stops along the way, to a low of 28721 as the dollar gained on investor pessimism, before closing the day at 28821.Now support for the silver is seen at 28638 and below could see a test of 28454. Resistance is now likely to be seen at 29088, a move above could see prices testing 29354.

Trading Ideas:

Silver trading range is 28454-29354.

Silver yesterday ended down tracking weakness in crude and base metals prices

Silver is taking resistance at 28980 and support is at 28640.

In spot silver looks to take support at 17.76$ and resistance at 18.10$