Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.42% against the USD and closed at USD 19.04, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.08, with the silver trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 18.92, and a fall through could take it to the next support level of 18.76. The pair is expected to find its first resistance at 19.20, and a rise through could take it to the next resistance level of 19.33.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
