Silver: Trading above its MA’s

Silver

Silver Movement

On Friday, Silver prices rose 3.20% to USD 33.68 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 33.89, 0.61% higher from Friday’s close.

Silver is expected to find support at 32.58, and a fall through could take it to the next support level of 31.28. Silver is expected to find its first resistance at 34.58, and a rise through could take it to the next resistance level of 35.27.

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

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