Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.56% against the USD and closed at USD18.12 per ounce.
In the Asian session, at GMT0400, the pair is trading at 18.04, with the silver trading 0.41% lower from yesterday’s close.
The pair is expected to find support at 17.98, and a fall through could take it to the next support level of 17.92. The pair is expected to find its first resistance at 18.12, and a rise through could take it to the next resistance level of 18.19.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
