Silver Movement
Silver prices traded marginally higher against the USD 19.50 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.47, with the silver trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 19.425, and a fall through could take it to the next support level of 19.38. The pair is expected to find its first resistance at 19.54, and a rise through could take it to the next resistance level of 19.61.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
