Silver Movement
Silver prices rose 0.27% to the USD 23.91 per ounce during the 24 hours ending 23:00GMT, as robust trade data from China boosted demand for industrial metals.
In the Asian session, at GMT0300, Silver is trading at 24.09, 0.73% higher from yesterday’s close.
Silver is expected to find support at 23.79, and a fall through could take it to the next support level of 23.49. Silver is expected to find its first resistance at 24.29, and a rise through could take it to the next resistance level of 24.49.
The white metal is trading way above its 20 Hr and 50 Hr moving averages.
