Silver Movement
Silver prices declined 0.72% to the USD21.68 per ounce during the 24 hours ending 23:00GMT, as looming tensions over a possible US shutdown dimmed the demand prospect of the commodity.
In the Asian session, at GMT0300, Silver is trading at 21.72, 0.17% higher from yesterday’s close.
Silver is expected to find support at 21.42, and a fall through could take it to the next support level of 21.11. Silver is expected to find its first resistance at 22.04, and a rise through could take it to the next resistance level of 22.36.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
