Silver Movement
Silver prices declined 0.58% to USD 27.99 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0300, Silver is trading at 27.97, marginally lower from yesterday’s close.
Silver is expected to find support at 27.75, and a fall through could take it to the next support level of 27.53. Silver is expected to find its first resistance at 28.29, and a rise through could take it to the next resistance level of 28.60.
The white metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
