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

Silver

Silver Movement

Silver prices declined 0.93% to USD 19.69 per ounce during the 24 hours ending 23:00GMT.

In the Asian session, at GMT0300, the pair is trading at 19.685, with the silver trading marginally lower from yesterday’s close.

The pair is expected to find support at 19.54, and a fall through could take it to the next support level of 19.39. The pair is expected to find its first resistance at 19.93, and a rise through could take it to the next resistance level of 20.17.

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

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