Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.17% against the USD and closed at USD14.58 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 14.54, with silver trading 0.31% lower against the USD from yesterday’s close.
The pair is expected to find support at 14.48, and a fall through could take it to the next support level of 14.42. The pair is expected to find its first resistance at 14.60, and a rise through could take it to the next resistance level of 14.68.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
