Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.76% against the USD and closed at 18.66, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.68, with the silver trading 0.08% higher from yesterday’s close.
The pair is expected to find support at 18.48, and a fall through could take it to the next support level of 18.28. The pair is expected to find its first resistance at 18.97, and a rise through could take it to the next resistance level of 19.26.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
