Silver Movement
Silver prices declined 0.63% to USD 14.96 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 15.08, with the silver trading 0.84% higher from yesterday’s close.
The pair is expected to find support at 14.94, and a fall through could take it to the next support level of 14.81. The pair is expected to find its first resistance at 15.17, and a rise through could take it to the next resistance level of 15.26.
The white metal is trading above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
