Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 3.58% against the USD and closed at USD14.62 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0500, the pair is trading at 14.63, with silver trading 0.07% higher against the USD from yesterday’s close.
The pair is expected to find support at 14.19, and a fall through could take it to the next support level of 13.76. The pair is expected to find its first resistance at 14.89, and a rise through could take it to the next resistance level of 15.16.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
