Silver: White metal trading higher in the Asian session

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver declined 0.71% against the USD and closed at USD16.03 per ounce.

In the Asian session, at GMT0400, the pair is trading at 16.09, with the silver trading 0.41% higher from yesterday’s close.

The pair is expected to find support at 15.96, and a fall through could take it to the next support level of 15.83. The pair is expected to find its first resistance at 16.22, and a rise through could take it to the next resistance level of 16.34.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

This entry was posted in Silver. Bookmark the permalink.

Comments are closed.