Silver Movement
Silver prices rose 2.54% to USD 38.69 per ounce during the 24 hours ending 23:00GMT, amid ongoing sovereign debt concerns in Greece.
In the Asian session at 3:00GMT, silver is trading at USD 39.17 per ounce, 1.24% higher, from 23:00GMT.
The first level of short term resistance on the upside is at 39.84, followed by 40.52. The pair is expected to find support at 37.89, with the subsequent support level at 36.62.
The pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
