Silver Movement
Silver prices declined 2.64% to USD 31.75 per ounce during the 24 hours ending 23:00GMT, as equities declined, while gains in the dollar curbed demand for the white metal.
In the Asian session, at GMT0300, the pair is trading at 31.62, with silver trading 0.39% lower from yesterday’s close.
Silver is expected to find support at 31.03, and a fall through could take it to the next support level of 30.44. Silver is expected to find its first resistance at 32.44, and a rise through could take it to the next resistance level of 33.26.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
