Silver Movement
Silver prices rose 0.35% to USD 18.72 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 18.73, with the silver trading marginally higher from yesterday’s close.
The pair is expected to find support at 18.5983, and a fall through could take it to the next support level of 18.4667. The pair is expected to find its first resistance at 18.8733, and a rise through could take it to the next resistance level of 19.0167.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
