Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 12.72% against the USD and closed at USD25.49 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 24.03, with silver trading 5.75% lower against the USD from yesterday’s close.
The pair is expected to find support at 22.00, and a fall through could take it to the next support level of 19.97. The pair is expected to find its first resistance at 27.64, and a rise through could take it to the next resistance level of 31.26.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
