Silver Movement
Silver prices declined marginally to USD 14.11 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 14.095, with the silver trading 0.11% lower from yesterday’s close.
The pair is expected to find support at 13.93, and a fall through could take it to the next support level of 13.76. The pair is expected to find its first resistance at 14.22, and a rise through could take it to the next resistance level of 14.35.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
