Silver Movement
Silver prices declined 0.92% to USD 20.52 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.96, with the silver trading 2.71% lower from yesterday’s close.
The pair is expected to find support at 19.31, and a fall through could take it to the next support level of 18.65. The pair is expected to find its first resistance at 20.92, and a rise through could take it to the next resistance level of 21.88.
The white metal is trading below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
