Silver Trading Higher, Following Friday's Fall
Singapore (Apr 14) On Friday, Silver prices declined 0.14% to USD 20.00 per ounce during the period ending 21:00GMT. A report showed that gold and silver imports into India, the world's second biggest buyer of the metal, dropped 40% to $33.46 billion in FY 2014.
In the Asian session, at GMT0300, Silver is trading at 20.04, 0.21% higher from Friday's close.
Silver is expected to find support at 19.92, and a fall through could take it to the next support level of 19.81. Silver is expected to find its first resistance at 20.16, and a rise through could take it to the next resistance level of 20.27.
The white metal is showing convergence with its 20 Hr and 50 Hr moving average.