Silver has collapsed to our massive technical support of 17.66. The weekly close is very bearish due to matching 18.60 previous week high and close through last weeks low of 17.87. A break of 17.66 opens up a test of 16.55. The Gold Silver ratio held last weeks low of 62.65 and is now closing above previous major March pivot of 64.13. We have been bearish the Gold Silver ratio but the close above 64.13 turns us neutral. Now support for the silver is seen at 26982 and below could see a test of 26919. Resistance is now likely to be seen at 27086, a move above could see prices testing 27127.

Trading Ideas:

Silver trading range is 26919-27127.

Silver ended positive tracking positive gold prices on Saturday

Silver is taking resistance at 26900 and support is at 27180.

In spot silver looks to take support at 17.50$ and resistance at 17.86$.

SELL SILVER MAY @ 27170-200 SL 27360 TGT 27035-26922-26780.MCX