Silver Movement
On Friday, Silver prices declined 0.32% to USD 18.63 per ounce during the period ending 21:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.62, with the silver trading marginally lower from Friday’s close.
The pair is expected to find support at 18.49, and a fall through could take it to the next support level of 18.35. The pair is expected to find its first resistance at 18.72, and a rise through could take it to the next resistance level of 18.82.
The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
