Silver Movement
Silver prices rose 0.57% to USD30.05 per ounce during the 24 hours ending 23:00GMT, as strong global economic data lifted investor sentiment.
In the Asian session, at GMT0400, Silver is trading at 30.13, 0.26% higher from yesterday’s close.
Silver is expected to find support at 29.78, and a fall through could take it to the next support level of 29.44. Silver is expected to find its first resistance at 30.53, and a rise through could take it to the next resistance level of 30.94.
The white metal is trading just below its 20 Hr moving average and is showing convergence with 50 Hr moving average.
