Silver: White metal reverses its gains in the Asian session

Silver

Silver Movement

On Friday, Silver prices rose 1.99% to USD 20.79 per ounce during the period ending 21:00GMT.

In the Asian session, at GMT0300, Silver is trading at 20.65, 0.65% lower from Friday’s close.

Silver is expected to find support at 20.45, and a fall through could take it to the next support level of 20.24. Silver is expected to find its first resistance at 20.83, and a rise through could take it to the next resistance level of 21.01.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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