Silver Movement
On Friday, Silver prices rose 0.27% to USD 34.66 per ounce during the 24 hours ending 23:00GMT, tracking rise in base metal prices.
In the Asian session, at GMT0300, Silver is trading at 34.65, marginally lower from Friday’s close.
Silver is expected to find support at 34.34, and a fall through could take it to the next support level of 34.04. Silver is expected to find its first resistance at 34.94, and a rise through could take it to the next resistance level of 35.23.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
