Silver Movement
Silver prices declined 6.74% to USD 29.70 per ounce during the 24 hours ending 23:00GMT, as greenback strengthened.
In the Asian session at 3:00GMT, silver is trading at USD 30.48 per ounce, 2.61% higher, from 23:00GMT.
The first level of short term resistance on the upside is at 32.49, followed by 34.50. The pair is expected to find support at 28.79, with the subsequent support level at 27.10.
The white metal is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
