Silver Movement
Silver prices rose 1.38% to USD33.00 per ounce during the 24 hours ending 23:00GMT, taking cues from rise in gold prices coupled with weakness in the US Dollar.
In the Asian session, at GMT0300, Silver is trading at 33.03, 0.1% higher from yesterday’s close.
Silver is expected to find support at 32.52, and a fall through could take it to the next support level of 32.01. Silver is expected to find its first resistance at 33.39, and a rise through could take it to the next resistance level of 33.75.
The white metal is trading above its 20 Hr and 50 Hr moving averages.