Silver

Silver trading range for the day is 53523-53935.Silver held steady as the anticipation of a rate cut by the European Central Bank offset the impact of a stronger dollar.Surveys showed all of Europes biggest economies are in recession or heading there and there is little sign things will improve soon.Adding to concerns about the health of global economy and pressure for central banks to take more accommodative stanceSilver is trading below 50DMA, which is at 55274, with intraday support seen at 53523 and resistance at 53935.