Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.39% against the USD and closed at USD19.30, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.27, with the silver trading 0.16% lower from yesterday’s close.
The pair is expected to find support at 19.16, and a fall through could take it to the next support level of 19.04. The pair is expected to find its first resistance at 19.37, and a rise through could take it to the next resistance level of 19.47.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
