Silver Movement
Silver prices rose 2.47% to the USD21.85 per ounce during the 24 hours ending 23:00GMT, buoyed by a weakness in the US Dollar.
In the Asian session, at GMT0300, Silver is trading at 21.80, 0.23% lower from yesterday’s close.
Silver is expected to find support at 21.21, and a fall through could take it to the next support level of 20.61. Silver is expected to find its first resistance at 22.30, and a rise through could take it to the next resistance level of 22.79.
The white metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
