Silver Movement
Silver prices declined 0.69% to USD 19.97 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the US Dollar and a decline in the prices of industrial metals.
In the Asian session, at GMT0300, Silver is trading at 19.86, 0.55% lower from yesterday’s close.
Silver is expected to find support at 19.69, and a fall through could take it to the next support level of 19.53. Silver is expected to find its first resistance at 20.07, and a rise through could take it to the next resistance level of 20.28.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
