Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 3.61% against the USD and closed at 20.39, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 20.31, with the silver trading 0.39% lower from yesterday’s close.
The pair is expected to find support at 19.77, and a fall through could take it to the next support level of 19.22. The pair is expected to find its first resistance at 20.66, and a rise through could take it to the next resistance level of 21.01.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
