Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 2.11% against the USD and closed at USD27.64 per ounce.
In the Asian session, at GMT0300, the pair is trading at 27.6, with silver trading 0.14% lower against the USD from yesterday’s close.
The pair is expected to find support at 27.025, and a fall through could take it to the next support level of 26.45. The pair is expected to find its first resistance at 27.98, and a rise through could take it to the next resistance level of 28.35.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
