Silver: White metal continued its upward trend; trading lower this morning

 

Silver

Silver Movement

On Friday, Silver prices rose 1.14% to the USD31.83 per ounce during the 24 hours ending 24:00GMT.

In the Asian session, at GMT0400, Silver is trading at 31.82, marginally lower from Friday’s close.

Silver is expected to find support at 31.37, and a fall through could take it to the next support level of 30.93. Silver is expected to find its first resistance at 32.19, and a rise through could take it to the next resistance level of 32.57.

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

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