Continues trading above short term moving averages

Silver

Silver Movement

Silver prices rose 1.14% to USD 29.39 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 4:00GMT, silver is trading at USD 29.38 per ounce, 0.03% lower, from 23:00GMT.

The pair continues to trade marginally above its 20 Hr moving average and well above its 50 Hr moving average.

The first level of short term resistance on the upside is at 29.56, followed by 29.73. The pair is expected to find support at 29.13, with the subsequent support level at 28.87.

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