Silver Movement
Silver prices declined 0.63% to USD 14.97 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 14.97, with the silver trading marginally higher from yesterday’s close.
The pair is expected to find support at 14.83, and a fall through could take it to the next support level of 14.68. The pair is expected to find its first resistance at 15.13, and a rise through could take it to the next resistance level of 15.28.
The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
