Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.29% against the USD and closed at USD15.65 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 15.54, with the silver trading 0.7% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.22, and a fall through could take it to the next support level of 14.90. The pair is expected to find its first resistance at 15.78, and a rise through could take it to the next resistance level of 16.02.
The white metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
