Silver: White metal trading below its MA’s

Silver

Silver Movement

Silver prices declined 2.03% against the USD in the 24 hour period ending 23:00GMT, at 19.78 per ounce.

In the Asian session, at GMT0300, Silver is trading at 19.87, 0.48% higher from yesterday’s close.

Silver is expected to find support at 19.66, and a fall through could take it to the next support level of 19.44. Silver is expected to find its first resistance at 20.19, and a rise through could take it to the next resistance level of 20.5.

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

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