Silver Movement
Silver prices declined 1.33% to USD 40.88 per ounce during the 24 hours ending 23:00GMT, as fears of a new recession receded.
In the Asian session at 3:00GMT, silver is trading at USD 40.65 per ounce, 0.56% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 41.27, followed by 41.90. The pair is expected to find support at 40.13, with the subsequent support level at 39.62.
The white metal is showing convergence with its 20 Hr and its 50 Hr moving averages.
