Silver Movement
On Friday, Silver prices declined 0.33% to the USD31.41 per ounce during the 24 hours ending 24:00GMT.
In the Asian session, at GMT0400, Silver is trading at 31.47, 0.17% higher from Friday’s close.
Silver is expected to find support at 31.31, and a fall through could take it to the next support level of 31.16. Silver is expected to find its first resistance at 31.65, and a rise through could take it to the next resistance level of 31.84.
The white metal is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
