Silver: White Metal Pares Its Gains In The Morning Session
Singapore (Apr 11) Silver prices rose 0.58% to USD 20.03 per ounce during the 24 hours ending 23:00GMT, amid strong demand for industrial metals.
In the Asian session, at GMT0300, Silver is trading at 20.02, slightly lower from yesterday’s close.
Silver is expected to find support at 19.84, and a fall through could take it to the next support level of 19.66. Silver is expected to find its first resistance at 20.31, and a rise through could take it to the next resistance level of 20.59.
The white metal is trading below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.