Silver tracked gold prices higher, as the yellow metal extended its record run on a weaker U. S. dollar. Silver opened at 28580 and climbed on the back of rallying oil and copper prices, peaking at 28860. This move quickly reversed as oil prices retreated and investors took profit. The metal stayed well offered as the session progressed towards the close, slipping to an intraday low of 28523.

It later recovered marginally from its lows to finally close at 28609. Now support for the silver is seen at 28468 and below could see a test of 28327. Resistance is now likely to be seen at
28805, a move above could see prices testing 29001.

Trading Ideas:

SILVER TRADING RANGE IS 28200-29100.

SILVER ENDED HIGHER TRACKING RECORD RISE IN GOLD PRICES

BUY SILVER DEC @ 28550-600 SL 28490 TGT 28680-28745-28812-28920.MCX

SILVER IS HAVING SUPPORT AT 28470 AND RESISTANCE AT 28780.

SILVER ABV 18.58$ LOOKS TILL 18.70 ELSE SUPPORT IS AT 18.36$ LEVEL