Silver Movement
Silver prices declined 0.20% to USD 35.14 per ounce during the 24 hours ending 23:00GMT, amid poor US macroeconomic data hurting prospects for silver’s industrial demand.
In the Asian session at 3:00GMT, silver is trading at USD 35.11 per ounce, 0.09% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 35.74, followed by 36.38. The pair is expected to find support at 34.50, with the subsequent support level at 33.90.
The white metal is trading well above its 20 Hr moving average and its 50 Hr moving average.
