Silver posted an "inside day" along with gold, in which the high and low were within the prior day's trading band, which is often seen as a sign of short-term indecision. Gold and silver tended to oscillate depending on moves in the dollar and crude for much of the day. Now technically market is trading in the range as RSI for 18days is currently indicating 46.16, where as 50DMA is at 25928 and silver is trading above the same and getting support at 26103 and below could see a test of 25983 level, And resistance is now likely to be seen at 26391, a move above could see prices testing 26559.Spread between Silver MAY & JUL contracts yesterday ended at 196, we have seen yesterday that the silver market had traded with a negative node and settled -0.03% down. Spread yesterday traded in the range of 196 - 208.

Trading Ideas:

Silver trading range is 25983-26559.

Silver posted an "inside day" along with gold

Silver is taking support at 26100 on MCX and in spot support is at 16.46$

Spread between Silver MAY & JUL contracts yesterday traded in the range of 196 - 208.

BUY SILVER MAY @ 26220-250 SL 26150 TGT 26290-26340-26412. MCX