Silver Movement
Silver prices marginally declined to USD 18.79 per ounce during the 24 hours ending 23:00GMT, taking cues from a decline in gold prices.
In the Asian session, at GMT0300, Silver is trading at 18.79, marginally higher from yesterday’s close.
Silver is expected to find support at 18.71, and a fall through could take it to the next support level of 18.64. Silver is expected to find its first resistance at 18.87, and a rise through could take it to the next resistance level of 18.96.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
