Silver Movement

Silver prices declined 1.99% to USD 28.44 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 28.59, 0.54% higher from yesterday’s close.

Silver is expected to find support at 28.28, and a fall through could take it to the next support level of 27.97. Silver is expected to find its first resistance at 28.93, and a rise through could take it to the next resistance level of 29.27.

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