Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 1.79% against the USD and closed at USD14.54 per ounce.
In the Asian session, at GMT0300, the pair is trading at 14.515, with silver trading 0.17% lower against the USD from yesterday’s close, tracking a decline in gold prices.
The pair is expected to find support at 14.41, and a fall through could take it to the next support level of 14.29. The pair is expected to find its first resistance at 14.73, and a rise through could take it to the next resistance level of 14.94.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
