Silver: White metal rebounds as dollar retreats in the Asian session

Silver

Silver Movement

On Friday, Silver prices declined 1.24% to USD 33.51 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0400, Silver is trading at 33.80, 0.88% higher from Friday’s close.

Silver is expected to find support at 33.33, and a fall through could take it to the next support level of 32.86. Silver is expected to find its first resistance at 34.12, and a rise through could take it to the next resistance level of 34.44.

The white metal is trading well above its 20 Hr average and just above its 50 Hr moving average.

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