Silver Movement
Silver prices rose 1.51% to USD 30.75 per ounce during the 24 hours ending 23:00GMT, amid optimism that European leaders would be able to handle a Greece debt default.
In the Asian session at 3:00GMT, silver is trading at USD 31.39 per ounce, 2.08% higher, from 23:00GMT.
The first level of short term resistance on the upside is at 33.26, followed by 35.13. The pair is expected to find support at 27.79, with the subsequent support level at 24.20.
The white metal is showing convergence with its 50 Hr moving average and is trading above its 20 Hr moving average.
