Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.7% against the USD and closed at USD19.02 per ounce.
In the Asian session, at GMT0400, the pair is trading at 19.025, with silver trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 18.755, and a fall through could take it to the next support level of 18.485. The pair is expected to find its first resistance at 19.37, and a rise through could take it to the next resistance level of 19.715.
The white metal is trading below its 20 Hr moving average and showing convergence with 50 Hr moving average.
