Silver yesterday ended higher tracking higher gold prices despite crude and base metals settled lower. As told in earlier few sessions also silver above 29000 level looks strong same is seen yesterday. Silver opened the session at 28860 with a quick dip to its low of 28731. Although base metals and crude were lower, Silver traded in line with gold reaching its intraday high of 29509. The metal quietly closed the day at 29450.Now support for the silver is seen at 28951 and below could see a test of 28452. Resistance is now likely to be seen at 29729, a move above could see prices testing 30008.

Trading Ideas:

Silver trading range is 28452-30008.

Silver yesterday ended higher tracking higher gold prices

Silver is taking resistance at 29720 and support is at 29280.

Holdings at ishares silver trust rose by 24.35 tonnes to 9175.38 tonnes