HomeContributorsFundamental AnalysisSilver: White Metal Reverses Its Gains In The Asian Session

Silver: White Metal Reverses Its Gains In The Asian Session

For the 24 hours to 23:00 GMT, Silver rose 0.25% against the USD and closed at USD18.31 per ounce on Friday.

In the Asian session, at GMT0400, the pair is trading at 18.3, with silver trading 0.05% lower against the USD from Friday’s close.

The pair is expected to find support at 18.22, and a fall through could take it to the next support level of 18.14. The pair is expected to find its first resistance at 18.38, and a rise through could take it to the next resistance level of 18.45.

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

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