Silver before the holiday fell by almost 1.50% closing at 41747 on Tuesday, Wednesday was holiday for the Indian market on account of Republic day international market opened the day at 27.00 inline with base metals and crude, silver reached an intraday low of 26.66 till mid-morning. A strong afternoon rally in energy brought strong buying interest in silver eventually taking it to an intraday high of 27.21 late in the day and finally closed the day shortly after at 27.13, now technically market is trading in the range as RSI for 18days is currently indicating 36.98, where as 50DMA is at 44144.92 and silver is trading below the same and getting support at 41366 and below could see a test of 40986 level, And resistance is now likely to be seen at 42147, a move above could see prices testing  a move above could see prices testing 42548.

Trading Ideas:

Silver trading range is 40986-42548.

Silver before the holiday fell by almost 1.50% closing at 41747 on Tuesday

Silver looks to take support at 41580 level and resistance at 41920 level.

In spot silver looks to get resistance at 27.98$ and support at 27.48$

BUY SILVER MAR ABV 42000 SL 41850 TGT 42100-42260-42440.MCX

 Silver $ FIX is at : 27.1 & CURRENTLY SILVER $ IS TRADING AT : 27.69 & UP BY 0.4%