Silver Movement
On Friday, Silver prices declined 0.13% to USD 19.01 per ounce during the period ending 21:00GMT, on lingering concerns over ECB’s stimulus measures and amid a soft demand for safe-haven assets.
In the Asian session, at GMT0300, Silver is trading at 19.04, 0.13% higher from Friday’s close.
Silver is expected to find support at 18.88, and a fall through could take it to the next support level of 18.72. Silver is expected to find its first resistance at 19.20, and a rise through could take it to the next resistance level of 19.36.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
