For the 24 hours to 23:00 GMT, Silver jumped 9.00% against the USD and closed at USD25.39 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 26.02, with silver trading 2.50% higher against the USD from yesterday’s close.
The pair is expected to find support at 24.09, and a fall through could take it to the next support level of 22.16. The pair is expected to find its first resistance at 27.11, and a rise through could take it to the next resistance level of 28.21.
The white metal is trading above its 20 Hr and 50 Hr moving averages.