Silver Movement
Silver prices declined 8.63% to USD 35.35 per ounce during the 24 hours ending 23:00GMT, as stronger dollar eroded the appeal of the precious metal as an alternative asset.
In the Asian session at 3:00GMT, silver is trading at USD 35.55 per ounce, 0.57% higher, from 23:00GMT.
The first level of short term resistance on the upside is at 38.37, followed by 41.20. The pair is expected to find support at 33.85, with the subsequent support level at 32.16.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below 50 Hr moving average.
