Silver on MCX settled up 0.22% at 40839 recovered from the earlier losses but struggled below 41000 level still trading near the lowest level in almost two weeks as investors continued to monitor movements in the U.S. dollar. Bullion has fallen in five out of the past six sessions, failing to fully benefit from data last week showing that the U.S. economy added the fewest jobs in seven months in April. 

India’s silver jewellery shipment at $2,959 million in FY 2015-16, compared with $566 million in 2010-11. From FY15, exports grew by 44 per cent. Technically market is under fresh buying and getting support at 40671 and below same could see a test of 40502 level, And resistance is now likely to be seen at 40958, a move above could see prices testing 41076.more detail contacts Contact this no:- 9827808090

                                   Trading Ideas

1. Silver trading range for the day is 40502-41076.

2. The U.S. Department of Labor said that job openings in March rose by 149,000 on a seasonally-adjusted basis, lifting the job opening rate by 0.1% to 3.9%.