Silver Movement
Silver prices declined 0.65% to USD 19.91 per ounce during the 24 hours ending 23:00GMT. However, a weaker US Dollar kept the commodity’s losses in check.
In the Asian session, at GMT0300, Silver is trading at 19.97, 0.27% higher from yesterday’s close.
Silver is expected to find support at 19.69, and a fall through could take it to the next support level of 19.41. Silver is expected to find its first resistance at 20.18, and a rise through could take it to the next resistance level of 20.39.
The white metal is trading above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
