Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.54% against the USD and closed at USD14.67 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 14.62, with silver trading 0.31% lower against the USD from yesterday’s close.
The pair is expected to find support at 14.53, and a fall through could take it to the next support level of 14.44. The pair is expected to find its first resistance at 14.78, 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.
