Silver: White metal converging with its MA’s

Silver

Silver Movement

Silver prices ended flat against the USD, closing at 19.44 per ounce, during the 24 hours ending 23:00GMT, in a subdued holiday trading session.

In the Asian session, at GMT0300, Silver is trading at 19.40, 0.21% lower from yesterday’s close.

Silver is expected to find support at 19.35, and a fall through could take it to the next support level of 19.31. Silver is expected to find its first resistance at 19.47, and a rise through could take it to the next resistance level of 19.54.

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

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