Silver Movement
Silver prices rose 0.96% to the USD20.30 per ounce during the 24 hours ending 23:00GMT, after data in the US revealed that more individuals sought out jobless assistance last week than expected, which weakened the US Dollar.
In the Asian session, at GMT0300, Silver is trading at 20.29, marginally lower from yesterday’s close.
Silver is expected to find support at 19.95, and a fall through could take it to the next support level of 19.60. Silver is expected to find its first resistance at 20.50, and a rise through could take it to the next resistance level of 20.71.
The white metal is trading just above its 20 Hr and 50 Hr moving average.
