Silver Movement
Silver prices declined 1.04% to the USD31.52 per ounce during the 24 hours ending 23:00GMT, as demand for the industrial metal decreased post gains recorded by the US dollar.
In the Asian session, at GMT0400, Silver is trading at 31.47, 0.14% lower from yesterday’s close.
Silver is expected to find support at 31.21, and a fall through could take it to the next support level of 30.95. Silver is expected to find its first resistance at 31.83, and a rise through could take it to the next resistance level of 32.18.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
