Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.3% against the USD and closed at USD18.29 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.30, with the silver trading a tad higher against the USD from yesterday’s close.
The pair is expected to find support at 18.15, and a fall through could take it to the next support level of 18.00. The pair is expected to find its first resistance at 18.39, and a rise through could take it to the next resistance level of 18.49.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
