Silver: Zooming higher

Silver

Silver Movement

Silver prices rose 1.40% to USD 35.40 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 3:00GMT, silver is trading at USD 35.60 per ounce, 0.56% higher, from 23:00GMT.

The first level of short term resistance on the upside is at 36.08, followed by 36.56. The pair is expected to find support at 34.75, with the subsequent support level at 33.90.

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

This entry was posted in Silver. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>