Weaker dollar boosts white metal in overnight trade, Marginally lower this morning

Silver

Silver Movement

Silver prices rose 3.57% to USD 31.76 per ounce during the 24 hours ending 23:00GMT.

In the Asian session at 4:00GMT, silver is trading at USD 31.69 per ounce, 0.22% lower, from 23:00GMT.

The first level of short term resistance on the upside is at 32.16, followed by 32.61. The pair is expected to find support at 30.90, with the subsequent support level at 30.09.

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

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