Silver Movement
Silver prices fell 0.05% to USD29.88 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0400, Silver is trading at 30.22, 1.15% higher from yesterday’s close, on renewed demand from industrial users across Asia.
Silver is expected to find support at 29.75, and a fall through could take it to the next support level of 29.27. Silver is expected to find its first resistance at 30.49, and a rise through could take it to the next resistance level of 30.77.
The white metal is trading above its 20 Hr and its 50 Hr moving averages.
