Silver Movement
Silver prices fell 3.04% to the USD19.37 per ounce during the 24 hours ending 23:00GMT, tracking losses in yellow metal, on back of the Federal Reserve Chairman, Ben Bernanke’s comments.
In the Asian session, at GMT0300, Silver is trading at 19.41, 0.17% higher from yesterday’s close.
Silver is expected to find support at 19.07, and a fall through could take it to the next support level of 18.73. Silver is expected to find its first resistance at 19.96, and a rise through could take it to the next resistance level of 20.51.
The white metal is trading below its 20 Hr and its 50 Hr moving averages.
