Silver Movement
Silver prices rose 6.28% to USD 37.73 per ounce during the 24 hours ending 23:00GMT, as some weakness in the US dollar and concerns over European debt woes lured investors back to metals.
In the Asian session at 3:00GMT, silver is trading at USD 37.68 per ounce, 0.13% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 38.50, followed by 39.31. The pair is expected to find support at 36.36, with the subsequent support level at 35.03.
The pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
