Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 7.24% against the USD and closed at USD13.49 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 13.92, with silver trading 3.23% higher against the USD from yesterday’s close.
The pair is expected to find support at 12.85, and a fall through could take it to the next support level of 11.78. The pair is expected to find its first resistance at 14.57, and a rise through could take it to the next resistance level of 15.23.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
