Silver Movement
Silver prices rose 2.15% to the USD31.08 per ounce during the 24 hours ending 23:00GMT, as increased buying by industrial units and a firm global trend supported speculators to enlarge their positions in white metal.
In the Asian session, at GMT0400, Silver is trading at 31.11, 0.11% higher from yesterday’s close.
Silver is expected to find support at 30.72, and a fall through could take it to the next support level of 30.33. Silver is expected to find its first resistance at 31.38, and a rise through could take it to the next resistance level of 31.64.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
