Silver Movement
Silver prices declined 0.94% to the USD28.07 per ounce during the 24 hours ending 23:00GMT, as a weaker-than-expected US manufacturing data in March indicated that demand for the industrial metal is unlikely to surge.
In the Asian session, at GMT0300, Silver is trading at 28.12, 0.17% higher from yesterday’s close.
Silver is expected to find support at 27.90, and a fall through could take it to the next support level of 27.69. Silver is expected to find its first resistance at 28.31, and a rise through could take it to the next resistance level of 28.50.
The white metal is trading between its 20 Hr and 50 Hr moving averages.
