Silver Movement
Silver prices rose 2.19% to the USD22.31 per ounce during the 24 hours ending 23:00GMT, as a rise in the price of the industrial metals bolstered the demand outlook of the white metal.
In the Asian session, at GMT0300, Silver is trading at 22.37, 0.28% higher from yesterday’s close.
Silver is expected to find support at 21.85, and a fall through could take it to the next support level of 21.33. Silver is expected to find its first resistance at 22.68, and a rise through could take it to the next resistance level of 22.99.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
