Silver Movement
Silver prices declined marginally to USD 19.42 per ounce during the 24 hours ending 23:00GMT, amid soft industrial demand and a decline in the prices of gold.
In the Asian session, at GMT0300, Silver is trading at 19.42, flat from yesterday’s close.
Silver is expected to find support at 19.29, and a fall through could take it to the next support level of 19.16. Silver is expected to find its first resistance at 19.52, and a rise through could take it to the next resistance level of 19.63.
The white metal is trading just above its 20 Hr and 50 Hr moving averages.
