Silver after losing in the last week today market expect to trade in the positive tone on renewed worries in euro zone supporting the metal, also support can be seen from base metal center also. Pressure is growing on Portugal from Germany, France and other euro zone countries to seek financial help from the EU and IMF to stop the bloc's debt crisis from spreading. Holdings in the iShares Silver Trust, the world's largest silver-backed exchange-traded fund, fell to a one-month low of 10,839.69 tonnes. Now technically market is trading in the range as RSI for 18days is currently indicating 51.13, where as 50DMA is at 43314.04 and silver is trading above the same and getting support at 44050 and below could see a test of 43855 level, And resistance is now likely to be seen at 44545, a move above could see prices testing 44845.

Trading Ideas:

Silver trading range is 43855-44845.

Silver holding support above 44000 mark get support from short covering and from base metal.

IShares Silver Trust etf fell to a one-month low of 10,839.69 tonnes.

Gold Silver Ratio has reversed last weeks range from 46 to 47.67, a higher close would bring in buyers back.

SELL SILVER MAR ON JUMP @ 45650 SL 45920 TGT 45460-45240-46080.MCX

Silver $ FIX is at : 28.39 & CURRENTLY SILVER $ IS TRADING AT : 28.96 & UP BY 0.94%