Silver Movement
Silver prices rose 5.01% to USD 19.80 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 20.22, with the silver trading 2.15% higher from Friday’s close, mirroring gains in bullion prices.
The pair is expected to find support at 19.09, and a fall through could take it to the next support level of 18.00. The pair is expected to find its first resistance at 21.29, and a rise through could take it to the next resistance level of 22.36.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
