Silver Movement
Silver prices rose 2.77% to the USD21.75 per ounce during the 24 hours ending 23:00GMT, as a decline in the US Dollar, bolstered the demand outlook of the dollar-denominated commodity.
In the Asian session, at GMT0300, Silver is trading at 21.73, 0.10% lower from yesterday’s close.
Silver is expected to find support at 21.16, and a fall through could take it to the next support level of 20.59. Silver is expected to find its first resistance at 22.16, and a rise through could take it to the next resistance level of 22.59.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
