Silver Movement
For the 24 hours to 23:00 GMT, the Silver rose 3.27% against the USD and closed at 15.80, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.685, with the silver trading 0.7% lower from yesterday’s close.
The pair is expected to find support at 15.34, and a fall through could take it to the next support level of 14.99. The pair is expected to find its first resistance at 16.01, and a rise through could take it to the next resistance level of 16.34.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
