Silver: White metal reverses its gains in the Asian session

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver rose 0.22% against the USD and closed at USD18.41 on Friday.

In the Asian session, at GMT0400, the pair is trading at 18.19, with the silver trading 1.2% lower from Friday’s close.

The pair is expected to find support at 18.07, and a fall through could take it to the next support level of 17.96. The pair is expected to find its first resistance at 18.39, and a rise through could take it to the next resistance level of 18.59.

The white metal is trading below its 20 Hr and 50 Hr moving averages.

This entry was posted in Silver. Bookmark the permalink.

Comments are closed.