Silver: White metal trading above its MA’s

Silver

Silver Movement

Silver prices rose 0.65% to USD20.37 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.

In the Asian session, at GMT0400, Silver is trading at 20.35, 0.11% lower from yesterday’s close.

Silver is expected to find support at 20.05, and a fall through could take it to the next support level of 19.75. Silver is expected to find its first resistance at 20.57, and a rise through could take it to the next resistance level of 20.78.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

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