Silver: White metal zooms ahead

Silver

Silver Movement

Silver prices rose 3.10% to USD 35.21 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD 35.57 per ounce, 1.02% higher, from 23:00GMT.

The first level of short term resistance on the upside is at 36.17, followed by 36.78. The pair is expected to find support at 34.53, with the subsequent support level at 33.50.

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

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