Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 8.64% against the USD and closed at USD27.67 per ounce.
In the Asian session, at GMT0300, the pair is trading at 27.36, with silver trading 1.12% lower against the USD from yesterday’s close.
The pair is expected to find support at 26.12, and a fall through could take it to the next support level of 24.85. The pair is expected to find its first resistance at 28.25, and a rise through could take it to the next resistance level of 29.14.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
