Silver Movement
Silver prices rose 0.18% to USD 19.72 per ounce during the 24 hours ending 23:00GMT, as lingering tensions in Iraq and geo-political uncertainty in Ukraine, supported the prices of the white metal.
In the Asian session, at GMT0300, Silver is trading at 19.70, 0.08% lower from yesterday’s close.
Silver is expected to find support at 19.50, and a fall through could take it to the next support level of 19.30. Silver is expected to find its first resistance at 19.84, and a rise through could take it to the next resistance level of 19.98.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
