Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.70% against the USD and closed at USD18.08 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 18.03, with silver trading 0.28% lower against the USD from Friday’s close.
The pair is expected to find support at 17.91, and a fall through could take it to the next support level of 17.80. The pair is expected to find its first resistance at 18.16, and a rise through could take it to the next resistance level of 18.30.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
