Silver market is bullish

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Silver broke up through the resistance area of 19.22 today. The unit was not able to hold onto the gains with a drop down near 18.96. We still favor the topside in silver, but would liquidate a long position below the previous high of 18.46. The gold/silver ratio is much firmer today, rising to near the 51.50 mark from yesterday’s 50.95 close. Now support for the silver is seen at 26026 and below could see a test of 25571. Resistance is now likely to be seen at 27085, a move above could see prices testing 27689.

Trading Ideas:

TRADING RANGE IS 25571-27686.
BUY SILVER @ 26100-180 SL 25980 TGT 26350-26435-26570-26865. MCX
A BREAK OF 25840 WILL TAKE SUPPORT TILL 25200 LVL
ELSE MKT IS BULLISH TILL THE SAME HIGH.