Trading lower this morning

Silver

Silver Movement

Silver prices rose 0.07% to USD 30.20 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 4:00GMT, silver is trading at USD 30.12 per ounce, 0.28%% lower, from 23:00GMT.

The first level of short term resistance on the upside is at 30.44, followed by 30.73. The pair is expected to find support at 29.95, with the subsequent support level at 29.75.

The pair is showing convergence with its 50 Hr moving average and is trading above its 20 Hr moving average.

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