Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.06% against the USD and closed at USD24.40 per ounce.
In the Asian session, at GMT0300, the pair is trading at 24.38, with silver trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 23.50, and a fall through could take it to the next support level of 22.63. The pair is expected to find its first resistance at 25.19, and a rise through could take it to the next resistance level of 26.00.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
