Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 11.08% against the USD and closed at USD22.61 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 22.64, with silver trading 0.15% higher against the USD from yesterday’s close.
The pair is expected to find support at 20.9367, and a fall through could take it to the next support level of 19.2333. The pair is expected to find its first resistance at 23.7667, and a rise through could take it to the next resistance level of 24.8933.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
