Silver: Silver trading below its MA’s

Silver

Silver Movement

 

Silver prices declined 1.11% to USD30.65 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 30.46, 0.60% lower from yesterday’s close.

Silver is expected to find support at 30.25, and a fall through could take it to the next support level of 30.03. Silver is expected to find its first resistance at 30.84, and a rise through could take it to the next resistance level of 31.21.

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

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