Silver: White metal snaps losses in the morning

Silver

Silver Movement

Silver prices declined 1.65% to USD19.55 per ounce during the 24 hours ending 23:00GMT, amid a broad gain in the US Dollar.

In the Asian session, at GMT0400, Silver is trading at 19.64, 0.49% higher from yesterday’s close.

Silver is expected to find support at 19.38, and a fall through could take it to the next support level of 19.13. Silver is expected to find its first resistance at 19.84, and a rise through could take it to the next resistance level of 20.03.

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

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