Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.13% against the USD and closed at USD15.63 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.60, with silver trading 0.19% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.52, and a fall through could take it to the next support level of 15.44. The pair is expected to find its first resistance at 15.68, and a rise through could take it to the next resistance level of 15.77.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
