Silver Movement
Silver prices rose 2.19% to USD 40.54 per ounce during the 24 hours ending 23:00GMT.
In the Asian session at 3:00GMT, silver is trading at USD 40.25 per ounce, 0.71% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 40.78, followed by 41.31. The pair is expected to find support at 39.66, with the subsequent support level at 39.07.
The pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
