Silver Movement
Silver prices declined 0.51% to USD 19.91 per ounce during the 24 hours ending 23:00GMT, with investors awaiting the outcome of the Federal Reserve’s highly anticipated policy meeting later today.
In the Asian session, at GMT0400, Silver is trading at 19.93, 0.08% higher from yesterday’s close.
Silver is expected to find support at 19.67, and a fall through could take it to the next support level of 19.41. Silver is expected to find its first resistance at 20.22, and a rise through could take it to the next resistance level of 20.51.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
