Silver Movement
For the 24 hours to 23:00 GMT, the Silver declined 1.24% against the USD and closed at 18.69, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.77, with the silver trading 0.45% higher from yesterday’s close.
The pair is expected to find support at 18.62, and a fall through could take it to the next support level of 18.47. The pair is expected to find its first resistance at 18.9, and a rise through could take it to the next resistance level of 19.03.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
