Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 3.52% against the USD and closed at USD26.70 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 26.57, with silver trading 0.49% lower against the USD from Friday’s close.
The pair is expected to find support at 25.77, and a fall through could take it to the next support level of 24.97. The pair is expected to find its first resistance at 27.55, and a rise through could take it to the next resistance level of 28.54.
The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
