Silver Movement
On Friday, Silver prices rose 0.18% to the USD21.73 per ounce during the period ending 21:00GMT, as a decline in the US Dollar and an enhanced outlook for the demand of industrial metals, buoyed the prices of the dollar-denominated commodity.
In the Asian session, at GMT0300, Silver is trading at 21.70, 0.12% lower from Friday’s close.
Silver is expected to find support at 21.43, and a fall through could take it to the next support level of 21.15. Silver is expected to find its first resistance at 22.05, and a rise through could take it to the next resistance level of 22.40.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
