Silver: White Metal Reverses Its Losses This Morning
Singapore (Jan 29) In the Asian session, at GMT0400, Silver is trading at 19.58, 0.38% higher from yesterday’s close.
Silver is expected to find support at 19.42, and a fall through could take it to the next support level of 19.26. Silver is expected to find its first resistance at 19.80, and a rise through could take it to the next resistance level of 20.02.
The white metal is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
By 07:00 am New York time, spot silver was up 9 cents to $19.69.