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    HomeContributorsFundamental AnalysisSilver: White Metal Trading On A Stronger Footing This Morning

    Silver: White Metal Trading On A Stronger Footing This Morning

    For the 24 hours to 23:00 GMT, Silver rose 11.08% against the USD and closed at USD22.61 per ounce, tracking gains in gold prices.

    In the Asian session, at GMT0400, the pair is trading at 22.64, with silver trading 0.15% higher against the USD from yesterday’s close.

    The pair is expected to find support at 20.9367, and a fall through could take it to the next support level of 19.2333. The pair is expected to find its first resistance at 23.7667, and a rise through could take it to the next resistance level of 24.8933.

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

    GCI Financial
    GCI Financialhttp://www.gcitrading.com/
    DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

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