Silver: White metal trading below its MA’s

Silver

Silver Movement

On Friday, Silver prices declined 0.38% to USD 19.90 per ounce during the period ending 21:00GMT, tracking gold losses.

In the Asian session, at GMT0300, Silver is trading at 19.89, marginally lower from Friday’s close.

Silver is expected to find support at 19.76, and a fall through could take it to the next support level of 19.63. Silver is expected to find its first resistance at 20.1, and a rise through could take it to the next resistance level of 20.31.

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

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