Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.48% against the USD and closed at USD14.75 per ounce, tracking rise in gold prices.
In the Asian session, at GMT0300, the pair is trading at 14.82, with silver trading 0.47% higher against the USD from yesterday’s close.
The pair is expected to find support at 14.54, and a fall through could take it to the next support level of 14.27. The pair is expected to find its first resistance at 15.02, 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.
