Silver Movement
Silver prices surged 3.84% to the USD20.29 per ounce during the 24 hours ending 23:00GMT, as better-than-expected imports of the metal in top consumer China reinforced hopes of a revival in demand for industrial metals.
In the Asian session, at GMT0300, Silver is trading at 20.23, 0.25% lower from yesterday’s close.
Silver is expected to find support at 19.82, and a fall through could take it to the next support level of 19.40. Silver is expected to find its first resistance at 20.51, and a rise through could take it to the next resistance level of 20.78.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
