Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.46% against the USD and closed at USD15.22 per ounce, supported by gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 15.22, with silver trading flat against the USD from yesterday’s close.
The pair is expected to find support at 15.12, and a fall through could take it to the next support level of 15.01. The pair is expected to find its first resistance at 15.30, and a rise through could take it to the next resistance level of 15.38.
The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
