Silver gained with gold as gold rose on alternative currency buying. The euro was dropping on continuing concerns about the Greek debt situation. Silver opened the day at 27340 and touched an intraday low of 27311 in early trading. Good buying after this point had silver rising to an intraday high of 27668. Late session range trading saw Silver close at 27629. Now support for the silver is seen at 27404 and below could see a test of 27179. Resistance is now likely to be seen at 27761, a move above could see prices testing 27893.

Trading Ideas:

Silver trading range is 27179-27893.

Silver gained with gold as an alternative currency buying

Silver is taking support at 27480 and resistance is at 27760.

In spot silver looks to have resistance of 18.22$ and support is at 18.00$.

BUY SILVER MAY @ 27400-440 SL 27340 TGT 27500-27560-27640.MCX