Silver: White metal trading below both its MA’s

Silver

Silver Movement

Silver prices declined 0.95% to USD19.72 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.

In the Asian session, at GMT0400, Silver is trading at 19.55, 0.88% lower from yesterday’s close.

Silver is expected to find support at 19.24, and a fall through could take it to the next support level of 18.94. Silver is expected to find its first resistance at 20.07, and a rise through could take it to the next resistance level of 20.59.

The white metal is trading below its 20 Hr and 50 Hr moving averages.

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