HomeContributorsFundamental AnalysisSilver: White Metal Trading A Tad Higher In The Morning Session

Silver: White Metal Trading A Tad Higher In The Morning Session

For the 24 hours to 23:00 GMT, Silver rose 1.09% against the USD and closed at USD15.29 per ounce, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 15.295, with silver trading marginally higher against the USD from yesterday’s close.

The pair is expected to find support at 15.13, and a fall through could take it to the next support level of 14.97. The pair is expected to find its first resistance at 15.40, and a rise through could take it to the next resistance level of 15.51.

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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