Silver Movement
Silver prices rose 1.67% to USD 19.52 per ounce during the 24 hours ending 23:00GMT, as escalating tensions in Iraq fuelled demand for safe-haven assets.
In the Asian session, at GMT0300, Silver is trading at 19.53, marginally higher from yesterday’s close.
Silver is expected to find support at 19.25, and a fall through could take it to the next support level of 18.98. Silver is expected to find its first resistance at 19.71, and a rise through could take it to the next resistance level of 19.90.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
