Silver Movement
Silver prices rose 4.00% to USD43.20 per ounce, on Friday, during the 24 hours ending 23:00GMT, after downbeat US jobs report reinforced fears of recession, thereby improving the appeal for the precious metal.
In the Asian session at 3:00GMT, silver is trading at USD43.07 per ounce, 0.30% lower, from 23:00GMT.
The first level of short term resistance on the upside is at 43.79, followed by 44.52. The pair is expected to find support at 41.94, with the subsequent support level at 40.82.
The white metal is trading above its 20 Hr and its 50 Hr moving averages.
