Silver Movement
On Friday, Silver prices rose 0.71% to USD 19.96 per ounce during the period ending 21:00GMT, amid broad gains in the prices of industrial metals and strong demand for safe-haven assets.
In the Asian session, at GMT0300, Silver is trading at 19.93, 0.16% lower from Friday’s close.
Silver is expected to find support at 19.75, and a fall through could take it to the next support level of 19.56. Silver is expected to find its first resistance at 20.18, and a rise through could take it to the next resistance level of 20.43.
The white metal is trading just below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
