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.

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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