Silver Movement
Silver prices declined 7.61% to USD 41.13 per ounce during the 24 hours ending 23:00GMT, after the US metals exchange raised margins for the third time in a week.
In the Asian session at 3:00GMT, silver is trading at USD 41.16 per ounce, flat from 23:00GMT.
The first level of short term resistance on the upside is at 44.32, followed by 47.48. The pair is expected to find support at 39.26, with the subsequent support level at 37.36.
The pair is trading below its 20 Hr and 50 Hr moving averages.
