Silver settled higher along with gold prices. Despite a decline in copper, silver gained as the yellow metal was supported as an alternative currency buy. Now technically market is trading in the range as RSI for 18days is currently indicating 52.32, where as 50DMA is at 26113 and silver is trading above the same and getting support at 26613 and below could see a test of 26476 level, And resistance is now likely to be seen at 26835, a move above could see prices testing 26920. Spread between Silver MAY & JUL contacts yesterday ended at 197, we have seen yesterday that the silver market had traded with a positive node and settled 0.36% up. Spread yesterday traded in the range of 193 - 215.

Trading Ideas:

Silver trading range is 26476-26920.

Silver settled higher along with gold prices despite a decline in copper prices

Silver is taking support at 26620 on MCX and in spot support is at 17.06$

Spread between Silver MAY & JUL contracts traded in the range of 193 - 215.

SELL SILVER MAY @ 26900 SL 27020 TGT 26822-26765-26690-26640.MCX