Silver Movement
On Friday, Silver prices rose 1.63% to the USD19.91 per ounce during the period ending 21:00GMT, amid a weak dollar as US factory orders rose lower than expected in June, while nonfarm payrolls also failed to match market expectations.
In the Asian session, at GMT0300, Silver is trading at 19.98, 0.36% higher from Friday’s close.
Silver is expected to find support at 19.38, and a fall through could take it to the next support level of 18.78. Silver is expected to find its first resistance at 20.44, and a rise through could take it to the next resistance level of 20.89.
The white metal is trading just above its 20 Hr and 50 Hr moving averages.
