Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.26% against the USD and closed at USD15.15 per ounce.
In the Asian session, at GMT0400, the pair is trading at USD15.11, with silver trading 0.23% lower against the USD from yesterday’s close, in line with the fall in gold prices.
The pair is expected to find support at 15.06, and a fall through could take it to the next support level of 15.00 The pair is expected to find its first resistance at 15.17, and a rise through could take it to the next resistance level of 15.23.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
