Silver Movement
Silver prices rose 2.71% to USD 18.35 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.41, with the silver trading 0.33% higher from yesterday’s close.
The pair is expected to find support at 18.06, and a fall through could take it to the next support level of 17.72. The pair is expected to find its first resistance at 18.69, and a rise through could take it to the next resistance level of 18.93.
The white metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
