Silver Movement
Silver prices rose 0.95% to USD 39.500 per ounce during the 24 hours ending 23:00GMT, as the greenback weakened.
In the Asian session at 3:00GMT, silver is trading at USD 39.38 per ounce, 0.30% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 39.72, followed by 40.05. The pair is expected to find support at 39.10, with the subsequent support level at 38.81.
Silver is showing convergence with 20 Hr moving average and is trading marginally above its 50 Hr moving average.
