Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.97% against the USD and closed at USD18.85 on Friday, tracking losses in gold prices
In the Asian session, at GMT0300, the pair is trading at 19.19, with the silver trading 1.8% higher from Friday’s close.
The pair is expected to find support at 18.86, and a fall through could take it to the next support level of 18.53. The pair is expected to find its first resistance at 19.38, and a rise through could take it to the next resistance level of 19.57.
The white metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
