Silver: White Metal Trading On A Weaker Footing In The Asian Session

For the 24 hours to 23:00 GMT, Silver rose 0.57% against the USD and closed at USD14.18 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 14.14, with silver trading 0.32% lower against the USD from yesterday’s close.

The pair is expected to find support at 14.05, and a fall through could take it to the next support level of 13.98. The pair is expected to find its first resistance at 14.25, and a rise through could take it to the next resistance level of 14.37.

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