Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 2.16% against the USD and closed at USD28.09 per ounce.
In the Asian session, at GMT0300, the pair is trading at 27.87, with silver trading 0.78% lower against the USD from yesterday’s close.
The pair is expected to find support at 27.23, and a fall through could take it to the next support level of 26.59. The pair is expected to find its first resistance at 28.64, and a rise through could take it to the next resistance level of 29.42.
The white metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
