Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 3.31% against the USD and closed at 19.73, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.70, with the silver trading 0.15% lower from Friday’s close.
The pair is expected to find support at 19.42, and a fall through could take it to the next support level of 19.14. The pair is expected to find its first resistance at 20.22, and a rise through could take it to the next resistance level of 20.75.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
