Silver Movement
Silver prices declined 1.10% to the USD30.43 per ounce during the 24 hours ending 23:00GMT.
Yesterday, a leading broker boosted its 2013 silver target to $33 from $32 an ounce and its 2014 target to $31 from $28 an ounce.
In the Asian session, at GMT0400, Silver is trading at 30.37, 0.20% lower from yesterday’s close.
Silver is expected to find support at 30.04, and a fall through could take it to the next support level of 29.72. Silver is expected to find its first resistance at 30.87, and a rise through could take it to the next resistance level of 31.38.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
