For the 24 hours to 23:00 GMT, Silver rose 4.60% against the USD and closed at USD24.58 per ounce on Friday.

In the Asian session, at GMT0300, the pair is trading at 24.47, with silver trading 0.43% lower against the USD from Friday’s close.

The pair is expected to find support at 23.80, and a fall through could take it to the next support level of 23.13. The pair is expected to find its first resistance at 24.97, and a rise through could take it to the next resistance level of 25.47.

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The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

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