Silver: White metal trading above its MA’s

 

Silver

Silver Movement

Silver prices rose 0.19% to the USD29.02 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0400, Silver is trading at 29.05, marginally higher from yesterday’s close.

Silver is expected to find support at 28.82, and a fall through could take it to the next support level of 28.59. Silver is expected to find its first resistance at 29.19, and a rise through could take it to the next resistance level of 29.33.

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

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