Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.08% against the USD and closed at USD25.47 per ounce.
In the Asian session, at GMT0300, the pair is trading at 25.98, with silver trading 1.98% higher against the USD from yesterday’s close.
The pair is expected to find support at 24.25, and a fall through could take it to the next support level of 22.53. The pair is expected to find its first resistance at 27.03, and a rise through could take it to the next resistance level of 28.08.
The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
