Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.56% against the USD and closed at 20.5, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 20.45, with the silver trading 0.24% lower from yesterday’s close.
The pair is expected to find support at 20.33, and a fall through could take it to the next support level of 20.20. The pair is expected to find its first resistance at 20.64, and a rise through could take it to the next resistance level of 20.82.
The white metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
