Silver Movement
Silver prices declined 4.02% to USD 14.58 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 14.73, with the silver trading 1.03% higher from yesterday’s close.
The pair is expected to find support at 14.53, and a fall through could take it to the next support level of 14.34. The pair is expected to find its first resistance at 15.07, and a rise through could take it to the next resistance level of 15.41.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
