For the 24 hours to 23:00 GMT, Silver rose 2.99% against the USD and closed at USD23.28 per ounce.
In the Asian session, at GMT0300, the pair is trading at 22.74, with silver trading 2.32% lower against the USD from yesterday’s close.
The pair is expected to find support at 21.78, and a fall through could take it to the next support level of 20.81. The pair is expected to find its first resistance at 23.69, and a rise through could take it to the next resistance level of 24.63.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.