Silver: White metal trading on a weaker footing this morning

Silver

Silver Movement

For the 24 hours to 23:00 GMT, Silver declined 0.40% against the USD and closed at USD18.68 per ounce.

In the Asian session, at GMT0400, the pair is trading at 18.67, with silver trading 0.08% lower against the USD from yesterday’s close.

The pair is expected to find support at 18.45, and a fall through could take it to the next support level of 18.23. The pair is expected to find its first resistance at 18.94, and a rise through could take it to the next resistance level of 19.22.

The white metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.

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