Silver: Silver Trading Below Its Moving Averages

Silver prices rose 1.05% to the USD 19.72 per ounce during the 24 hours ending 23:00GMT, tracking gains of the yellow metal.


In the Asian session, at GMT0400, Silver is trading at 19.54, 0.88% lower from yesterday's close.


Silver is expected to find support at 19.37, and a fall through could take it to the next support level of 19.20. Silver is expected to find its first resistance at 19.85, and a rise through could take it to the next resistance level of 20.15.


The white metal is trading below its 20 Hr and 50 Hr moving averages.