Silver: White Metal Reverses Its Losses In The Morning Session

For the 24 hours to 23:00 GMT, Silver declined 0.33% against the USD and closed at USD15.05 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0400, the pair is trading at 15.06, with silver trading 0.10% higher against the USD from yesterday’s close.

The pair is expected to find support at 14.99, and a fall through could take it to the next support level of 14.91. The pair is expected to find its first resistance at 15.13, and a rise through could take it to the next resistance level of 15.20.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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