Silver: Silver after retreating from the higher level of 33$ is trading in tight range where lower side support is seen at 31$ and is failing to cross the higher resistance level of 33$ and is trading at 32$. Today after positive opening at 32.25$ it is trading negative at 32$ at days low where on lower side immediate support is seen at 31.8$ and further crossover below 31.8 will move to test 31.6 to 31.2$ on lower side. On higher side only on closing basis above 33$ will hamper the bearish outlook in silver where it will test 36$ to 40$ on higher side. Immediate resistance is seen at 32.5$ and till this resistance is holding intraday expected to continue the down trend where lower target can eb expected. Stochastic has reverted from the overbought zone and has given negative intersection where some down side move can be expected with fall in price and may move towards mid zone.
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