Silver - Rangebound. Demand zone around 80,000.

On a daily chart MCX Silver trading at 81150, we have seen profit booking which took silver from 87000 to 81150, almost 6.75%.

At Current juncture Silver is trading in a rangebound, one can go long in Silver around 80500-80000 for the initial target of 87000, further 90000 levels.