Silver Movement
Silver prices surged 5.28% to the USD24.38 per ounce during the 24 hours ending 23:00GMT, tracking strong gains in gold prices and amid a pick-up in industrial demand.
In the Asian session, at GMT0300, Silver is trading at 24.40, marginally higher from yesterday’s close.
Silver is expected to find support at 23.43, and a fall through could take it to the next support level of 22.46. Silver is expected to find its first resistance at 25.12, and a rise through could take it to the next resistance level of 25.84.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
