Silver: Silver trading above its MA’s

Silver: Silver trading above its MAs

Silver Movement

Silver prices rose 0.76% to USD31.31 per ounce, on Friday, during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 31.33, 0.06% higher from Friday’s close.

Silver is expected to find support at 31.01, and a fall through could take it to the next support level of 30.69. Silver is expected to find its first resistance at 31.54, and a rise through could take it to the next resistance level of 31.76.

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

Contributed by GCI Trading

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