Silver: White metal extends its gains in the Asian session

Silver: White metal extends its gains in the Asian session

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver rose 0.50% against the USD and closed at USD 12.11 per ounce.

In the Asian session, at GMT0400, the pair is trading at 12.57, with silver trading 3.8% higher against the USD from yesterday’s close.

The pair is expected to find support at 11.99, and a fall through could take it to the next support level of 11.42. The pair is expected to find its first resistance at 12.90, and a rise through could take it to the next resistance level of 13.24.

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

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  Daily Market Outlook, March 30, 2020

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