Silver Movement
Silver prices rose 0.75% to USD 20.23 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 20.24, with the silver trading 0.07% higher from yesterday’s close.
The pair is expected to find support at 19.92, and a fall through could take it to the next support level of 19.60. The pair is expected to find its first resistance at 20.57, and a rise through could take it to the next resistance level of 20.91.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
