Silver Movement
Silver prices declined 3.83% to USD 14.58 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 15.19, with the silver trading 4.22% higher from yesterday’s close.
The pair is expected to find support at 15.10, and a fall through could take it to the next support level of 15.00. The pair is expected to find its first resistance at 15.26, and a rise through could take it to the next resistance level of 15.33.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
