Silver Movement
For the 24 hours to 23:00 GMT, Silver declined marginally against the USD and closed at USD19.04.
In the Asian session, at GMT0300, the pair is trading at 19.04, with the silver trading slightly higher from yesterday’s close.
The pair is expected to find support at 18.85, and a fall through could take it to the next support level of 18.66. The pair is expected to find its first resistance at 19.26, and a rise through could take it to the next resistance level of 19.47.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
