Silver ended weak tracking weakness in gold prices on weekend amid strength in the dollar after zooming Friday as the dismal U.S. jobs report for August drove some investors back into haven-seeking mode. Some investors turn to precious metal during turmoil in other markets on the belief that it holds its value well during times of crisis. The jobs report news weighed on equities markets and growth-sensitive commodities such as crude oil and copper. Bolivia, the world's sixth-largest silver producing country by output in 2010, plans to raise mining royalties to take advantage of high prices and bolster the state's role in the industry. Silver closed the week at 65898. Last week’s high of 44.18 is the next resistance level with 76.4% Fibo retrace at 66500. We like silver while it holds above 63000 the 50% level. The gold silver ratio was rejected again at 44.39 last week and is closing at 43.39.The topside failure has risk back to base of range near 42.81. Now technically market is trading in the range as RSI for 18days is currently indicating 59.61, where as 50DMA is at 61090.6 and silver is trading above the same and getting support at 65297 and below could see a test of 64696 level, And resistance is now likely to be seen at 66664, a move above could see prices testing 67430.

Trading Ideas:

Silver trading range is 64696-67430.

Silver ended weak tracking weakness in gold prices on weekend amid strength in the dollar

U.S. jobs growth stalls in August; unemployment rate remains at 9.1%

Holdings at ishares silver trust rose by 35.35 tonnes to 9782.15 tonnes