Silver Movement
Silver prices declined 1.10% to USD32.64 per ounce during the 24 hours ending 23:00GMT, following the release of minutes from the March 13th meeting of the Federal Open Market Committee (FOMC).
In the Asian session, at GMT0300, Silver is trading at 32.35, 0.87% lower from yesterday’s close.
Silver is expected to find support at 31.90, and a fall through could take it to the next support level of 31.44. Silver is expected to find its first resistance at 33.06, and a rise through could take it to the next resistance level of 33.76.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
