Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.56% against the USD and closed at 19.01, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.09, with the silver trading 0.42% higher from yesterday’s close.
The pair is expected to find support at 18.90, and a fall through could take it to the next support level of 18.70. The pair is expected to find its first resistance at 19.22, and a rise through could take it to the next resistance level of 19.34.
The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
