Silver Movement
Silver prices rose 1.50% to USD 15.53 per ounce during the 24 hours ending 23:00GMT.
In the Asian session, at GMT0300, the pair is trading at 15.36, with silver trading 1.06% lower from yesterday’s close, tracking losses in gold prices.
The pair is expected to find support at 15.14, and a fall through could take it to the next support level of 14.92. The pair is expected to find its first resistance at 15.57, and a rise through could take it to the next resistance level of 15.79.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
