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

Silver

Silver Movement

Silver prices rose 2.40% to USD 20.07 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 20.13, with the silver trading 0.32% higher from yesterday’s close.

The pair is expected to find support at 19.72, and a fall through could take it to the next support level of 19.30. The pair is expected to find its first resistance at 20.39, and a rise through could take it to the next resistance level of 20.65.

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

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