Silver: White metal trading on a stronger footing this morning

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver jumped 9.00% against the USD and closed at USD25.39 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 26.02, with silver trading 2.50% higher against the USD from yesterday’s close.

The pair is expected to find support at 24.09, and a fall through could take it to the next support level of 22.16. The pair is expected to find its first resistance at 27.11, and a rise through could take it to the next resistance level of 28.21.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

This entry was posted in Silver. Bookmark the permalink.

Comments are closed.