Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.08% against the USD and closed at USD18.35 per ounce.
In the Asian session, at GMT0400, the pair is trading at 18.32, with the silver trading 0.14% lower against the USD from yesterday’s close.
The pair is expected to find support at 18.22, and a fall through could take it to the next support level of 18.13. The pair is expected to find its first resistance at 18.46, and a rise through could take it to the next resistance level of 18.61.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
