Silver: Trading tad higher this morning

Silver

Silver Movement

Silver prices declined 0.39% to USD43.05 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD43.08 per ounce, 0.07% higher, from 23:00GMT.

The first level of short term resistance on the upside is at 43.50, followed by 43.93. The pair is expected to find support at 42.47, with the subsequent support level at 41.87.

The white metal is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.

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