Silver: Trading higher

SILVER

Silver Movement

Silver prices rose 1.40% to USD 30.44 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 30.515, 0.25% higher from the New York close.

Silver is expected to find support at 29.07, and a fall through could take it to the next support level of 27.63. Silver is expected to find its first resistance at 31.31, and a rise through could take it to the next resistance level of 32.11.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

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