Silver prices rose on pick up in spot demand on the back of the ongoing marriage season, amid a firm global trend.  iShares Silver Trust , the world's largest physically-backed exchange-traded fund, said its holdings rose to an all-time high of 10,893.68 tonnes by Nov 23 from 10,841.98 tonnes by Nov 22. Silver opened at 41770. Rising early in the session with base metals, silver turned lower on profit taking, reaching its low of 41330. The metal rallied with crude, eventually reaching its high of 42180 late in the session. Quiet selling took the metal to its close of 42026.Now support for the silver is seen at 41511 and below could see a test of 40995. Resistance is now likely to be seen at 42361, a move above could see prices testing 42695.

Trading Ideas:

Silver trading range is 40995-42695.

Silver prices rose on pick up in spot demand on the back of the ongoing marriage season

Silver is having resistance at 42200 and support at 41820 level.

Holdings at ishares silver trust rose by 51.70 tonnes to 10893.68 tonnes.