Silver ended higher on emergence of fresh buying spree by stockists and speculators at existing levels on bullish overseas cues. Silver holding major resistance at 44680 level only a break of this looks to touch till 44800-45000 level. Holdings in the world's largest silver-backed exchange-traded fund, iShares Silver Trust, dropped 1.3 percent to 10,585.95 tonnes by Jan 18 from 10,725.73 tonnes on Jan 11. Now technically market is trading in the range as RSI for 18days is currently indicating 51.78, where as 50DMA is at 44036.84 and silver is trading above the same and getting support at 43839 and below could see a test of 43280 level, And resistance is now likely to be seen at 44728, a move above could see prices testing 45058.

Trading Ideas:

Silver trading range is 43280-45058.

Silver ended higher on emergence of fresh buying

Silver looks to take support at 44160 level and resistance at 44440 level.

Holdings at ishares silver trust fell by 139.78 tonnes to 10585.95 tonnes.