Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 2.74% against the USD and closed at 19.90, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.84, with the silver trading 0.3% lower from yesterday’s close.
The pair is expected to find support at 19.40, and a fall through could take it to the next support level of 18.96. The pair is expected to find its first resistance at 20.15, and a rise through could take it to the next resistance level of 20.46.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
