Silver: Silver extends its previous session gains

 

Silver

Silver Movement

Silver prices rose 1.91% to the USD31.99 per ounce during the 24 hours ending 23:00GMT, as traders enlarged their long positions in white metal on firming global trend.

In the Asian session, at GMT0400, Silver is trading at 32.10, 0.34% higher from yesterday’s close.

Silver is expected to find support at 31.50, and a fall through could take it to the next support level of 30.90. Silver is expected to find its first resistance at 32.46, and a rise through could take it to the next resistance level of 32.82.

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

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