Silver Movement
Silver prices rose 1.17% to USD 14.26 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 14.245, with the silver trading marginally lower from yesterday’s close.
The pair is expected to find support at 14.10, and a fall through could take it to the next support level of 13.95. The pair is expected to find its first resistance at 14.36, and a rise through could take it to the next resistance level of 14.48.
The white metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
