Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.17% against the USD and closed at USD14.73 per ounce on Friday, tracking gain in gold prices.
In the Asian session, at GMT0400, the pair is trading at 14.67, with silver trading 0.37% lower against the USD from Friday’s close.
The pair is expected to find support at 14.55, and a fall through could take it to the next support level of 14.42. The pair is expected to find its first resistance at 14.77, and a rise through could take it to the next resistance level of 14.86.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
