Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.33% against the USD and closed at USD18.96, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.91, with the silver trading 0.29% lower from yesterday’s close.
The pair is expected to find support at 18.72, and a fall through could take it to the next support level of 18.53. The pair is expected to find its first resistance at 19.22, and a rise through could take it to the next resistance level of 19.54.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
