Silver Movement
Silver prices rose 0.16% to USD 18.80 per ounce during the 24 hours ending 23:00GMT, benefitting from a weakness in the US Dollar.
In the Asian session, at GMT0300, Silver is trading at 18.79, slightly lower from yesterday’s close.
Silver is expected to find support at 18.69, and a fall through could take it to the next support level of 18.60. Silver is expected to find its first resistance at 18.90, and a rise through could take it to the next resistance level of 19.02.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
