Silver Movement
Silver prices declined 0.25% to USD 19.68 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
Yesterday, reports from Indian showed that the Indian Government hiked tariff on imports of gold and silver to $411.0 per 10 grams and $632.0 per kg, respectively.
In the Asian session, at GMT0300, Silver is trading at 19.62, 0.33% lower from yesterday’s close.
Silver is expected to find support at 19.51, and a fall through could take it to the next support level of 19.40. Silver is expected to find its first resistance at 19.78, and a rise through could take it to the next resistance level of 19.95.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
