Silver: Silver retreated after its recent sharp surge

Silver

Silver Movement

Silver prices dropped 0.87% to the US24.36 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, Silver is trading at 24.13, 0.95% lower from yesterday’s close.

Silver is expected to find support at 23.77, and a fall through could take it to the next support level of 23.41. Silver is expected to find its first resistance at 24.80, and a rise through could take it to the next resistance level of 25.47.

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

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