Today, Tuesday (June 24th) during the Asian trading session, international silver is currently trading below the 35.58 line. It opened today at $36.08/ounce. As of this report, international silver is temporarily at $36.00/ounce, down 0.27%, having touched a high of $36.12/ounce and a low of $35.58/ounce. Currently, the intraday short-term trend for international silver appears to be volatile.

Key News Express

S&P Global revealed that US business activity expanded in the manufacturing sector. In services, companies reported healthy growth rates, even though June's data saw a decline compared to the previous month.

Across the ocean, the Eurozone HCOB Composite Purchasing Managers' Index (PMI) preliminary readings further deteriorated, falling below expectations. In Germany, the preliminary PMI readings improved, offering some relief for the Euro, although European Central Bank President Christine Lagarde mentioned that "survey data generally points to a weak outlook for economic activity in the short term."

Latest International Silver Market Analysis

Despite touching a weekly low of $35.51 last week, silver remains biased to the upside. Subsequently, XAG/USD rebounded by more than 1.70%, pushing the gray metal's price above $36.00 and paving the way for further gains.

The Relative Strength Index (RSI) indicates that buyers remain in control. Therefore, further upside potential can be observed.

If XAG/USD rises above $36.50, it would expose the $37.00 figure. The next supply area of interest would be the June 18th annual high of $37.32, above $37.50.

Conversely, a daily close below $36.00 could push it towards the June 12th swing low of $35.46, before the March 28th peak turns into a support level at $34.59.