Silver: Silver extended its gains in the Asian session

Silver

Silver Movement

Silver prices rose 2.76% to the USD 31.06 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0400, Silver is trading at 31.12, 0.21% higher from yesterday’s close.

Silver is expected to find support at 30.56, and a fall through could take it to the next support level of 30.00. Silver is expected to find its first resistance at 31.59, and a rise through could take it to the next resistance level of 32.07.

The white metal is converging with its 20 Hr and trading above its 50 Hr moving average.

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