Silver Movement
On Friday, Silver prices rose 0.12% to the USD28.60 per ounce during the 24 hours ending 24:00GMT.
In the Asian session, at GMT0400, Silver is trading at 28.61, marginally higher from Friday’s close.
Silver is expected to find support at 28.11, and a fall through could take it to the next support level of 27.61. Silver is expected to find its first resistance at 28.96, and a rise through could take it to the next resistance level of 29.31.
The white metal is trading above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
