Silver Movement

Silver prices declined 0.72% to USD 28.50 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 28.45, 0.15% lower from yesterday’s close.

Silver is expected to find support at 28.24, and a fall through could take it to the next support level of 28.03. Silver is expected to find its first resistance at 28.72, and a rise through could take it to the next resistance level of 28.99.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.