For the 24 hours to 23:00 GMT, Silver rose 4.75% against the USD and closed at USD19.41 per ounce, tracking gains in gold prices.
In the Asian session, at GMT0300, the pair is trading at 19.50, with silver trading 0.46% higher against the USD from yesterday’s close.
The pair is expected to find support at 18.75, and a fall through could take it to the next support level of 17.99. The pair is expected to find its first resistance at 19.97, and a rise through could take it to the next resistance level of 20.44.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
