Silver Movement
Silver prices traded flat to USD 18.77 per ounce during the 24 hours ending 23:00GMT, paring its initial losses but yet remaining below the $19/oz level.
In the Asian session, at GMT0300, Silver is trading at 18.84, 0.40% higher from yesterday’s close.
Silver is expected to find support at 18.70, and a fall through could take it to the next support level of 18.57. Silver is expected to find its first resistance at 18.92, and a rise through could take it to the next resistance level of 19.01.
The white metal is trading just above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
