Silver Movement
Silver prices rose 0.76% to USD 13.97 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 13.935, with the silver trading 0.25% lower from yesterday’s close.
The pair is expected to find support at 13.86, and a fall through could take it to the next support level of 13.78. The pair is expected to find its first resistance at 14.04, and a rise through could take it to the next resistance level of 14.14.
The white metal is trading below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
