Silver Movement
Silver prices rose 1.16% to USD 32.36 per ounce during the 24 hours ending 23:00GMT, as a weaker dollar boosted demand for industrial metal.
In the Asian session, at GMT0400, Silver is trading at 32.25, 0.34% lower from yesterday’s close.
Silver is expected to find support at 31.85, and a fall through could take it to the next support level of 31.45. Silver is expected to find its first resistance at 32.72, and a rise through could take it to the next resistance level of 33.18.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
