Silver traded in the wide range holding support at 63711 while failed to cross the 64600 level and settled with the marginal fall of -0.18% at 64362 as investors pinned hopes on recent central bank moves to stoke growth after data published in the previous session suggested weak momentum in the global economy. Metal got support after the disappointing data underlined concerns over the weak US labor market. Silver prices rallied after the Fed said last week it will purchase $40 billion of mortgage backed securities every month until the labor market improves. Rising gold  import in India has pushed the current account deficit to a record high of 4.2% in last fiscal, Showing concerned over rising gold imports, the Reserve Bank said it is planning to come out with financial products on the lines of gold ETFs to give options to investors to take advantage of price movement in the precious metal. The world's biggest silver ETF, iShares Silver Trust, said its holdings had risen to a 11-month high of 9,940.66 tonnes by Sept 20. In other news Spain saw borrowing costs fall at an auction of 10year government bonds amid ongoing uncertainty over whether Spain is about to ask for more financial aid, which would mean signing up to a permanent bailout fund. Now technically market is getting support at 63874 and below could see a test of 63385 level, And resistance is now likely to be seen at 64688, a move above could see prices testing 65013.

Trading Ideas:

Silver trading range for the day is 63385-65013.

Silver ended flat and seen pressure on higher side  tracking weakness in base metals and crude prices

Metal got support after the disappointing data underlined concerns over the weak US labor market.

Holdings at ishares silver trust gained by 57.26 tonnes to 9940.66 tonnes.