Silver Movement
Silver prices declined 2.60% to USD 29.79 per ounce, on Friday, during the 24 hours ending 23:00GMT.
In the Asian session at 3:00GMT, silver is trading at USD 30.37 per ounce, 1.93% higher, from Friday’s close.
The first level of short term resistance on the upside is at 31.14, followed by 31.92. The pair is expected to find support at 29.61, with the subsequent support level at 28.86.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
