Silver: Trading above its MA’s

Silver

Silver Movement

Silver prices rose 1.77% to USD 29.26 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 29.31, 0.17% higher from yesterday’s close.

Silver is expected to find support at 28.83, and a fall through could take it to the next support level of 28.36. Silver is expected to find its first resistance at 29.65, and a rise through could take it to the next resistance level of 30.00.

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

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