Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 3.06% against the USD and closed at USD12.48 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 12.58, with silver trading 0.84% higher against the USD from Friday’s close.
The pair is expected to find support at 12.26, and a fall through could take it to the next support level of 11.94. The pair is expected to find its first resistance at 13.00, and a rise through could take it to the next resistance level of 13.42.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
