Silver Movement

For the 24 hours to 23:00 GMT, Silver rose 0.60% against the USD and closed at USD14.36 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 14.41, with silver trading 0.35% higher against the USD from yesterday’s close.

The pair is expected to find support at 14.27, and a fall through could take it to the next support level of 14.13. The pair is expected to find its first resistance at 14.48, and a rise through could take it to the next resistance level of 14.56.

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

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