Silver: Silver trading above its MA’s

Silver Movement

Silver prices rose 4.63% to USD 27.53 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 27.67, 0.49% higher from yesterday’s close.

Silver is expected to find support at 27.37, and a fall through could take it to the next support level of 27.07. Silver is expected to find its first resistance at 27.85, and a rise through could take it to the next resistance level of 28.03.

The white metal is trading above its 20 Hr and 50 Hr moving averages.