Silver: Trading flat after yesterday’s fall

SILVER

Silver Movement

Silver prices declined 2.04% to USD 30.02 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 30.025, flat from the New York close.

Silver is expected to find support at 28.68, and a fall through could take it to the next support level of 27.33. Silver is expected to find its first resistance at 31.36, and a rise through could take it to the next resistance level of 32.69.

The white metal is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.

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