Silver Movement
Silver prices declined 1.20% to the USD30.88 per ounce during the 24 hours ending 23:00GMT, on lack of buying support from industrial units.
In the Asian session, at GMT0400, Silver is trading at 30.97, 0.30% higher from yesterday’s close.
Silver is expected to find support at 30.70, and a fall through could take it to the next support level of 30.43. Silver is expected to find its first resistance at 31.28, and a rise through could take it to the next resistance level of 31.58.
The white metal is trading between its 20 Hr and 50 Hr moving averages.
