Silver Movement
Silver prices declined 4.24% to USD 15.35 per ounce during the 24 hours ending 23:00GMT, tracking heavy losses in gold prices.
In the Asian session, at GMT0400, the pair is trading at 15.26, with the silver trading 0.59% lower from yesterday’s close.
The pair is expected to find support at 14.94, and a fall through could take it to the next support level of 14.63. The pair is expected to find its first resistance at 15.75, and a rise through could take it to the next resistance level of 16.24.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
