Silver Movement
Silver prices declined 2.21% to USD 39.80 per ounce during the 24 hours ending 23:00GMT, as efforts by global central banks to end the region’s debt crisis prompted investors to sell the white metal.
In the Asian session at 3:00GMT, silver is trading at USD 39.46 per ounce, 0.85% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 40.33, followed by 41.19. The pair is expected to find support at 38.94, with the subsequent support level at 38.41.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
