Silver Movement
Silver prices rose 5.49% to the USD22.91 per ounce during the 24 hours ending 23:00GMT, as a weakness in the US Dollar bolstered the demand outlook of the dollar-denominated white metal.
In the Asian session, at GMT0300, Silver is trading at 23.07, 0.67% higher from yesterday’s close.
Silver is expected to find support at 21.77, and a fall through could take it to the next support level of 20.46. Silver is expected to find its first resistance at 23.81, and a rise through could take it to the next resistance level of 24.55.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
