Silver yesterday showed a very volatile day and settled lower tracking weakness in crude and base metal prices. The losses were limited as prices got support from higher gold prices. Now technically market is trading in the range as RSI for 18days is currently indicating 62.77, where as 50DMA is at 27788.46 and silver is trading above the same and getting support at 29057 and below could see a test of 28721 level, And resistance is now likely to be seen at 29864, a move above could see prices testing 30335. Spread between Silver JUL & SEP contacts yesterday ended at 105, we have seen yesterday that the silver market had traded with a negative node and settled -0.9% down. Spread yesterday traded in the range of 67 - 105.

Silver trading range is 28721-30335.

Silver yesterday ended weak tracking weakness in crude and base metal

Silver is taking resistance at 29540 and support is at 29260.

In spot silver looks to have a support at 18.74$ and resistance is at 19.22$.

SELL SILVER JUL ON JUMP @ 29600 SL 29734 TGT 29520-29360-29240.MCX