Silver futures are trading slightly higher in London trades today tracking the moves in gold. The base metals life copper, nickel, zinc, are all trading down in the range of 1- 2% In the currency movements today the single currency and the UK;s Pound rose sharply following strong May UK retail sales data. European shares rose on Thursday, extending gains into a seventh session, as oil major BP took back a fraction of recent losses. BP's share price soared almost 10 % on Thursday after the group suspended its shareholder dividend and agreed to create a 20-billion-dollar fund for costs from the Gulf of Mexico oil spill. After meeting US President Barack Obama, BP's board agreed on Wednesday to freeze payments to shareholders and announced plans to set aside a huge claims fund worth the equivalent of 16.2 billion euros. MCX July silver futures are getting solid footing at Rs 29000 levels and the traders can enter short only after it closes below Rs 29000. The counter was last seen trading at Rs 29232 up over Rs 20 per kg. It may face a resistance near Rs 29405 and Rs 29500 levels. International July silver futures are up $0.019 at $ 18.460 per ounce. However the trading band was quite narrow today. A busy session for U.S. economic data also awaits, with May consumer prices, first quarter current account and weekly jobless claims data due at 8:30 a.m. Eastern, and June Philly Fed index and May leading indications coming at 10 a.m.

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