Commodity Outlook for Silver by KediaCommodity

silverSilver hit an all-time high as remained in demand on brisk buying by jewellery fabricators and industrial units for the festival season and marriage season beginning next month. Silver commenced at 32140. After dipping to a low of
31991, the metal proceeded to an intraday high of 32375. Range trading for the rest of the session took us to a close of 32344. Now support for the silver is seen at 32098 and below could see a test of 31853. Resistance is now likely to be seen at 32482, a move above could see prices testing 32621.

Trading Ideas:

Silver trading range is 31853-32621.

Silver hit an all-time high as remained in demand on brisk buying

Silver is taking resistance at 32480 and support is at 32100.

In spot silver looks to have a support at 20.48$ and resistance at 20.84$.