Silver: White metal trading on a stronger footing in the Asian session

Silver

Silver Movement

Silver prices rose 0.28% to USD 14.55 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 15.23, with the silver trading 4.71% higher from Friday’s close.

The pair is expected to find support at 14.61, and a fall through could take it to the next support level of 13.99. The pair is expected to find its first resistance at 15.60, and a rise through could take it to the next resistance level of 15.97.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

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