Silver: White metal converging with its MA’s

Silver

Silver Movement

On Friday, Silver prices rose 0.68% to USD 19.37 per ounce during the period ending 21:00GMT.

In the Asian session, at GMT0400, Silver is trading at 19.36, 0.08% lower from Friday’s close.

Silver is expected to find support at 19.16, and a fall through could take it to the next support level of 18.97. Silver is expected to find its first resistance at 19.55, and a rise through could take it to the next resistance level of 19.73.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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