Silver Movement
Silver prices declined 0.57% to the USD21.72 per ounce during the 24 hours ending 23:00GMT, as concerns over Fed’s stimulus decision and a weak demand outlook for the industrial metals, spooked investors’ confidence.
In the Asian session, at GMT0300, Silver is trading at 21.42, 1.37% lower from yesterday’s close.
Silver is expected to find support at 21.15, and a fall through could take it to the next support level of 20.87. Silver is expected to find its first resistance at 21.91, and a rise through could take it to the next resistance level of 22.39.
The white metal is trading below its 20 Hr and 50 Hr moving averages.
