Silver Movement
For the 24 hours to 23:00 GMT, Silver declined 0.33% against the USD and closed at USD15.10 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.09, with silver trading 0.07% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.04, and a fall through could take it to the next support level of 14.99. The pair is expected to find its first resistance at 15.16, and a rise through could take it to the next resistance level of 15.23.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
