Silver: White metal showing convergence with both its MA’s

Silver

Silver Movement

Silver prices rose 0.16% to the USD 19.58 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0400, Silver is trading at 19.66, 0.42% higher from yesterday’s close.

Silver is expected to find support at 19.48, and a fall through could take it to the next support level of 19.29. Silver is expected to find its first resistance at 19.78, and a rise through could take it to the next resistance level of 19.90.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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