Silver: Trading just above its MA’s

Silver

Silver Movement

Silver prices rose 0.48% to USD 27.49 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 27.55, 0.19% higher from yesterday’s close.

Silver is expected to find support at 27.27, and a fall through could take it to the next support level of 27.00. Silver is expected to find its first resistance at 27.82, and a rise through could take it to the next resistance level of 28.10.

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

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