Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 3.16% against the USD and closed at USD 19.91, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.915, with the silver trading a tad higher from yesterday’s close.
The pair is expected to find support at 19.34, and a fall through could take it to the next support level of 18.76. The pair is expected to find its first resistance at 20.23, and a rise through could take it to the next resistance level of 20.54.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
