Silver: Weakness in the dollar lifted silver prices

Silver

Silver Movement

Silver prices rose 0.29% to USD 33.34 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened.

In the Asian session, at GMT0400, Silver is trading at 33.51, 0.51% higher from yesterday’s close.

Silver is expected to find support at 33.09, and a fall through could take it to the next support level of 32.67. Silver is expected to find its first resistance at 33.87, and a rise through could take it to the next resistance level of 34.23.

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

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