Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.50% against the USD and closed at USD18.22 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.12, with silver trading 0.55% lower against the USD from yesterday’s close.
The pair is expected to find support at 17.95, and a fall through could take it to the next support level of 17.76. The pair is expected to find its first resistance at 18.31, and a rise through could take it to the next resistance level of 18.51.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
