Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.54% against the USD and closed at USD18.33 per ounce, surrendering its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 18.35, with the silver trading 0.11% higher from yesterday’s close.
The pair is expected to find support at 18.23, and a fall through could take it to the next support level of 18.11. The pair is expected to find its first resistance at 18.505, and a rise through could take it to the next resistance level of 18.66.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
