Contributors Fundamental Analysis Silver: White Metal Reverses Its Losses In The Asian Session

Silver: White Metal Reverses Its Losses In The Asian Session

For the 24 hours to 23:00 GMT, Silver declined 0.65% against the USD and closed at USD14.52 per ounce on Friday.

In the Asian session, at GMT0300, the pair is trading at 14.54, with silver trading 0.10% higher against the USD from Friday’s close.

The pair is expected to find support at 14.40, and a fall through could take it to the next support level of 14.27. The pair is expected to find its first resistance at 14.71, and a rise through could take it to the next resistance level of 14.89.

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

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