Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 2.91% against the USD and closed at 19.37, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.34, with the silver trading 0.18% lower from yesterday’s close.
The pair is expected to find support at 19.08, and a fall through could take it to the next support level of 18.83. The pair is expected to find its first resistance at 19.79, and a rise through could take it to the next resistance level of 20.25.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
