Silver: Zooms higher

Silver

Silver Movement

Silver prices rose 2.96% to USD 37.75 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD 38.19 per ounce, 1.17% higher, from 23:00GMT.

The first level of short term resistance on the upside is at 38.90, followed by 39.62. The pair is expected to find support at 36.85, with the subsequent support level at 35.52.

The white metal is trading just above its 20 Hr and 50 Hr moving averages.

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