Silver Movement
Silver prices rose 2.37% to USD 34.96 per ounce during the 24 hours ending 23:00GMT, amid fear that political turmoil in Italy might exacerbate the Euro-zone’s debt crisis.
In the Asian session, at GMT0400, Silver is trading at 34.825, 0.39% lower from yesterday’s close.
Silver is expected to find support at 34.12, and a fall through could take it to the next support level of 33.42. Silver is expected to find its first resistance at 35.27, and a rise through could take it to the next resistance level of 35.71.
The white metal is trading just above its 20 Hr and 50 Hr moving averages.
