Silver Movement
Silver prices rose 2.27% to USD 38.71 per ounce during the 24 hours ending 23:00GMT, supported by strong investment demand and on expectations that industrial demand is also set to improve.
In the Asian session at 3:00GMT, silver is trading at USD 38.63 per ounce, 0.21% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 38.95, followed by 39.27. The pair is expected to find support at 38.11, with the subsequent support level at 37.59.
Silver is trading well above its 20 Hr and 50 Hr moving averages.
