Silver: Trading lower this morning

Silver

Silver Movement

Silver prices rose 0.11% to USD 37.14 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD 36.92 per ounce, 0.59% lower, from 23:00GMT.

The first level of short term resistance on the upside is at 37.32, followed by 37.73. The pair is expected to find support at 36.45, with the subsequent support level at 35.99.

The pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.

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