Silver recovers from overnight decline and gains 1%
Silver as well as other precious metals experienced some heavy losses during the Asian trading hours. However, they started to recover as the time passed and managed to climb above Friday's closing levels ahead of the European trading session. An upward move came in spite of USD being one of the strongest currencies today. Taking a look at SILVER at a daily time frame, we can see that a long lower wick was painted in the important support zone ranging above $24.75. Similar candlesticks have been followed by quick upward moves recently. However, it would be prudent to wait until closing of today's candlestick before taking action on this signal.
Silver attempts to defend the support zone at $24.75. Source: xStation5
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