Silver Movement
On Friday, Silver prices declined 1.21% to USD 18.81 per ounce during the period ending 21:00GMT, hurt a decline in gold prices and amid soft demand for industrial metals.
In the Asian session, at GMT0300, Silver is trading at 18.76, 0.27% lower from Friday’s close.
Silver is expected to find support at 18.55, and a fall through could take it to the next support level of 18.35. Silver is expected to find its first resistance at 19.02, and a rise through could take it to the next resistance level of 19.29.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
