Silver Movement

Silver prices declined 0.32% to USD30.73 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 30.71, 0.04% lower from yesterday’s close.

Silver is expected to find support at 30.12, and a fall through could take it to the next support level of 29.53. Silver is expected to find its first resistance at 31.15, and a rise through could take it to the next resistance level of 31.59.

The white metal is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.