Silver Movement
Silver prices declined 0.95% to USD19.88 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.96, with the silver trading 0.43% higher from yesterday’s close, rebounding from its earlier session losses.
The pair is expected to find support at 19.80, and a fall through could take it to the next support level of 19.63. The pair is expected to find its first resistance at 20.14, and a rise through could take it to the next resistance level of 20.32.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
