Silver geared toward a 30-year peak on fresh buying and dollar weakness, Yesterday silver opened the day higher at 20795. After an initial dip to an intraday low of 20683 just after the open, the metal turned higher in line with crude and equity gains. Reaching an intraday high of 20795 late in the session, silver ended the day at 46024. The dollar edged lower against a basket of currencies, after declining to a seven-week low against the yen and dropping versus the euro on Wednesday. Spot silver edged up 0.2 percent to $30.62 an ounce, just below the 30-year high of $30.68 hit on Dec 7. now technically market is getting support at 45665 and below could see a test of 45306 level, And resistance is now likely to be seen at 46260, a move above could see prices testing 46496.

Trading Ideas:

Silver trading range is 44143-44563.

Silver streaked toward a 30-year record, on fresh buying and dollar weakness.

Silver is having resistance at 46260 and support at 45665 level.

Silver's MACD is also showing negative divergence, removing some of the metal's shine

BUY SILVER MAR ON DIP @ 45500-580 SL 45260 TGT 45720-45850-45955.MCX

Silver $ FIX is at : 27.066 & CURRENTLY SILVER $ IS TRADING AT : 29.43 & UP BY 0.68%