Silver Movement
Silver prices fell 0.47% to the USD23.15 per ounce during the 24 hours ending 23:00GMT, as investors cashed out of the market to lock in gains after prices rallied last week.
In the Asian session, at GMT0300, Silver is trading at 23.14, slightly lower from yesterday’s close.
Silver is expected to find support at 22.89, and a fall through could take it to the next support level of 22.63. Silver is expected to find its first resistance at 23.51, and a rise through could take it to the next resistance level of 23.88.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
