Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 4.69% against the USD and closed at USD28.15 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 28.09, with silver trading 0.20% lower against the USD from Friday’s close.
The pair is expected to find support at 27.28, and a fall through could take it to the next support level of 26.46. The pair is expected to find its first resistance at 29.06, and a rise through could take it to the next resistance level of 30.03.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
