Silver Movement
Silver prices fell 0.91% to the USD19.71 per ounce during the 24 hours ending 23:00GMT.
A renowned broker yesterday lifted its silver price forecast for 2013, citing physical demand in Asia. The broker raised its average price forecast to 22.90 an ounce for 2013 from 21.00 an ounce.
In the Asian session, at GMT0300, Silver is trading at 19.60, 0.57% lower from yesterday’s close.
Silver is expected to find support at 19.44, and a fall through could take it to the next support level of 19.27. Silver is expected to find its first resistance at 19.90, and a rise through could take it to the next resistance level of 20.20.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
