Silver Movement
Silver prices rose 1.91% to the USD31.99 per ounce during the 24 hours ending 23:00GMT, as traders enlarged their long positions in white metal on firming global trend.
In the Asian session, at GMT0400, Silver is trading at 32.10, 0.34% higher from yesterday’s close.
Silver is expected to find support at 31.50, and a fall through could take it to the next support level of 30.90. Silver is expected to find its first resistance at 32.46, and a rise through could take it to the next resistance level of 32.82.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
