Silver Movement
Silver prices declined 1.42% to USD 19.51 per ounce during the 24 hours ending 23:00GMT, paring its yesterday’s gains on the back of strong demand-outlook.
In the Asian session, at GMT0300, Silver is trading at 19.50, slightly lower from yesterday’s close.
Silver is expected to find support at 19.36, and a fall through could take it to the next support level of 19.21. Silver is expected to find its first resistance at 19.72, and a rise through could take it to the next resistance level of 19.93.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
