Silver Movement
Silver prices rose 0.52% to the USD29.18 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, Silver is trading at 29.18, marginally higher from yesterday’s close.
Silver is expected to find support at 28.92, and a fall through could take it to the next support level of 28.65. Silver is expected to find its first resistance at 29.40, and a rise through could take it to the next resistance level of 29.62.
The white metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
