Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.55% against the USD and closed at USD24.50 per ounce.
In the Asian session, at GMT0300, the pair is trading at 24.45, with silver trading 0.18% lower against the USD from yesterday’s close.
The pair is expected to find support at 24.21, and a fall through could take it to the next support level of 23.97. The pair is expected to find its first resistance at 24.64, and a rise through could take it to the next resistance level of 24.83.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
