Silver Movement
Silver prices declined marginally against the USD during the 24 hours ending 23:00GMT, at 14.18 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 14.215, with the silver trading 0.25% higher from yesterday’s close.
The pair is expected to find support at 14.08, and a fall through could take it to the next support level of 13.94. The pair is expected to find its first resistance at 14.31, and a rise through could take it to the next resistance level of 14.40.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
