Silver: Drifting lower this morning after Friday’s surge

Silver

Silver Movement

On Friday, Silver prices rose 0.95% to USD 34.21per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0400, Silver is trading at 34.04, 0.48% lower from Friday’s close.

Silver is expected to find support at 33.31, and a fall through could take it to the next support level of 32.58. Silver is expected to find its first resistance at 34.60, and a rise through could take it to the next resistance level of 35.15.

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

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