Silver Movement
Silver prices declined 6.39% to USD 34.59 per ounce during the 24 hours ending 23:00GMT, after the Federal Reserve suggested that there would be no more monetary stimulus to bolster the US economy.
In the Asian session, at GMT0400, Silver is trading at 35.15, 1.61% higher from yesterday’s close.
Silver is expected to find support at 33.50, and a fall through could take it to the next support level of 31.85. Silver is expected to find its first resistance at 37.15, and a rise through could take it to the next resistance level of 39.15.
The white metal is trading well below its 20 Hr and 50 Hr moving averages.
