Silver: Retreats in the Asian session

Silver

Silver Movement

Silver prices rose 0.87% to USD39.22 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD38.99 per ounce, 0.59% lower, from 23:00GMT.

The first level of short term resistance on the upside is at 40.07, followed by 41.16. The pair is expected to find support at 38.14, with the subsequent support level at 37.30.

The white metal is trading just below its 20 Hr and its 50 Hr moving averages.

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