Silver Movement
Silver prices rose 4.73% to USD 36.67 per ounce during the 24 hours ending 23:00GMT, as Euro zone debt concerns helped the white metal rebound.
In the Asian session at 3:00GMT, silver is trading at USD 36.59 per ounce, 0.22% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 37.23, followed by 37.88. The pair is expected to find support at 35.46, with the subsequent support level at 34.33.
The white metal is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
