Silver Movement
Silver prices declined 0.33% to the USD21.68 per ounce during the 24 hours ending 23:00GMT, as a decline in the prices of industrial metals dampened the demand outlook of the white metal.
In the Asian session, at GMT0300, Silver is trading at 21.60, 0.37% lower from yesterday’s close.
Silver is expected to find support at 21.40, and a fall through could take it to the next support level of 21.20. Silver is expected to find its first resistance at 21.83, and a rise through could take it to the next resistance level of 22.06.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
