Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 1.68% against the USD and closed at USD18.47 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 18.59, with silver trading 0.68% higher against the USD from yesterday’s close.
The pair is expected to find support at 18.13, and a fall through could take it to the next support level of 17.67. The pair is expected to find its first resistance at 18.97, and a rise through could take it to the next resistance level of 19.36.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
