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Silver: White Metal Trading Slightly Lower In The Asian Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Wed Dec 13 17 02:50 ET

For the 24 hours to 23:00 GMT, Silver marginally rose against the USD and closed at USD15.75 per ounce.

In the Asian session, at GMT0400, the pair is trading at 15.74, with silver trading a tad lower against the USD from yesterday’s close.

The pair is expected to find support at 15.64, and a fall through could take it to the next support level of 15.54. The pair is expected to find its first resistance at 15.835, and a rise through could take it to the next resistance level of 15.93.

The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

GCI Financial

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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