Silver ended down falling along with gold as investors left safe havens for riskier assets.  In the morning session we have seen Silver prices touching a new record high at the bullion market on sustained demand from industrial users triggered by firm global cues. Now technically market is trading in the range as RSI for 18days is currently indicating 54.4, where as 50DMA is at 28857.86 and silver is trading above the same and getting support at 29039 and below could see a test of 28711 level, And resistance is now likely to be seen at 29907, a move above could see prices testing 30447. Spread between Silver JUL & SEP contacts yesterday ended at 136. Spread yesterday traded in the range of 60 - 150.

Trading Ideas:

Silver trading range is 28711-30447.

Silver fell with gold as traders looked for riskier asset

Silver is taking resistance at 29490 and support is at 29220.

In spot silver looks to take support at 18.56$ and resistance at 18.98$

BUY SILVER JULY ABV 29400 SL 29300 TGT 29465-29515-29600.MCX