Silver Movement
Silver prices rose 1.45% to the USD29.39 per ounce during the 24 hours ending 23:00GMT, as better-than-expected US economic data improved prospects for industrial metals.
In the Asian session, at GMT0400, Silver is trading at 29.28, 0.37% lower from yesterday’s close.
Silver is expected to find support at 28.77, and a fall through could take it to the next support level of 28.26. Silver is expected to find its first resistance at 29.62, and a rise through could take it to the next resistance level of 29.96.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
