Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.24% against the USD and closed at 20.47, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 20.36, with the silver trading 0.54% lower from yesterday’s close.
The pair is expected to find support at 20.10, and a fall through could take it to the next support level of 19.84. The pair is expected to find its first resistance at 20.62, and a rise through could take it to the next resistance level of 20.87.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
