Silver declined slightly. The gray metal was under pressure from a higher dollar. It also fell a bit more than gold did as participants sell to keep the metal more in line with a popular price ratio between gold and silver. Now technically market is trading in the range as RSI for 18days is currently indicating 64.6, where as 50DMA is at 26345 and silver is trading above the same and getting support at 27258 and below could see a test of 27066 level, And resistance is now likely to be seen at 27652, a move above could see prices testing 27854.

Trading Ideas:

Silver trading range is 27066-27854.

Silver declined getting pressure from higher U.S dollar

Silver is taking support at 27320 and resistance is at 27570.

In spot silver looks to have resistance of 18.16$ and support is at 17.88$.

BUY SILVER MAY @ 27320-360 SL 27220 TGT 27420-27500-27580.MCX