Silver: Trading lower in the Asian session

Silver

Silver Movement

Silver prices rose 1.46% to the USD 34.81 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 34.55, 0.73% lower from yesterday’s close.

Silver is expected to find support at 34.02, and a fall through could take it to the next support level of 33.49. Silver is expected to find its first resistance at 35.05, and a rise through could take it to the next resistance level of 35.55.

The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

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